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MS. ZIEGLER: Good afternoon and welcome. This is the press briefing for the Regional Economic Outlook for the Western Hemisphere. I am Julie Ziegler with the Communications Department. And let me start by introducing our panel today. To my left is Rodrigo Valdes, who is the Director of the Western Hemisphere Department, and he is joined by Deputy Directors in the Western Hemisphere Department as well, Ana Corbacho and Nigel Chalk.

On March 20, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with El Salvador.

IMF's Communications Department Director Julie Kozack discusses Argentina, Ukraine, Egypt, and other relevant developments.

The IMF Executive Board approved a new 40-month arrangement under the Extended Fund Facility (EFF) for El Salvador, with access equivalent to US$1.4 billion. The Board’s decision allows the authorities an immediate disbursement equivalent to around US$113 million.

Good morning, everyone. It's great to see you all, here in person and online. Welcome to the first IMF press briefing for 2025. I'm Julie Kozak, Director of the Communication Department.

MS. KOZACK: Good morning, everyone. Great to see you all here in person, online, and online and welcome to this IMF Press Briefing. I'm Julie Kozack, Director of the Communications Department.

IMF staff and the El Salvadoran authorities have reached a staff-level agreement on a new arrangement under the IMF’s Extended Fund Facility (EFF) for about US$1.4 billion to support the government’s reform agenda. The agreement is subject to IMF Executive Board approval.

MS. KOZACK: Good morning, everyone. It is great to see you all here in person and online. Welcome to this IMF Press Briefing. I am Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. Eastern Time in the United States. I will start with some announcements and then take your questions in person on Webex and via the Press Center.

An International Monetary Fund (IMF) mission led by Mr. Raphael Espinoza issued a statement following in person and virtual discussions over the past months with the Salvadoran authorities.

Good afternoon. Welcome, everyone. Welcome to the Regional Economic Outlook Press Briefing for the Western Hemisphere.