The International Monetary Fund has reached a $1.4 billion mid-term loan agreement with El Salvador.

Golden Finance reported that the International Monetary Fund (IMF) staff and El Salvador have reached a temporary protocol, reaching a new arrangement under the IMF's medium-term lending mechanism, with an amount of approximately $1.4 billion to support the government's reform agenda. However, the government's involvement in the Chivo electronic Wallet (Chivo) will be gradually phased out.