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El Salvador seeks stand-by IMF loan to avert financial crisis

Tuesday, November 15, 2016


El Salvador has made a formal request for a stand-by loan for the International Monetary Fund in order to resolve its financial crisis, two well-known economists said.

The request cam only 24 hours after the government and the rightwing Arena party signed a fiscal accord. But that accord is not enough to avert insolvency, the economists say.

Full story in Spanish