El Salvador's Bukele says expects IMF deal after next year's election
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2023-10-20 08:59
SAN LUIS DE LA REINA, El Salvador Salvadoran President Nayib Bukele said on Thursday he expects to reach

SAN LUIS DE LA REINA, El Salvador Salvadoran President Nayib Bukele said on Thursday he expects to reach an agreement with the International Monetary Fund (IMF) over a new financing program after next year's general elections, which end in March.

"I would expect the deal to come after the elections," Bukele told reporters at a press conference, adding that the negotiations with the lender have been "very productive."

Last week, a senior IMF official characterized the talks in the same way.

Rodrigo Valdes, director of the IMF's Western Hemisphere Department, described a recent mission to El Salvador as "a first step" toward reaching an agreement, but suggested that disagreements remain.

At the time, Valdez did not specify a time-frame for reaching a deal.

El Salvador's presidential and legislative elections are scheduled for next February, with local elections set for the following month.

(Reporting by Nelson Renteria; Editing by Kylie Madry)

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