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Sweet and Spicy: what's the buzz on honey infusions? | SaltWireMARRAKECH, Morocco - The International Monetary Fund's engagement with El Salvador has been"very productive" following a recent visit from a negotiating team, but an agreement is"not there yet" for a new financing program, an IMF official said on Friday.
Valdes said there is not a time-frame set for reaching an agreement or even setting the next meeting and"important" structural measures are needed,"so it's better to do it well than to rush it." The IMF said in late September that it was working with El Salvador on"technical issues" and on minimizing the risks from the country's adoption of bitcoin as legal tender.
Valdes said the program in discussion has a key fiscal anchor as well as relevant structural reforms.
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