FILE PHOTO: El Salvador's President Nayib Bukele addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023.  REUTERS/Eduardo Munoz/File Photo
El Salvador

President Bukele expects IMF agreement post-election

Salvadoran President Nayib Bukele said on Thursday he expects to reach an agreement with the IMF over a new financing program after next year's general elections.

SAN LUIS DE LA REINA, El Salvador (Reuters) - 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)

Pope Leo names French archbishop to lead Vatican abuse commission

Lula hints at 2026 run, eyes historic fourth presidential term

BRICS leaders meet in Rio, push to reform Western institutions

Trump signs sweeping tax, spending cuts at Fourth of July event

Deadly Texas floods sweep away campers, children still missing