IMF approves El Salvador's economic performance, granting a $120 million loan
According to News.Bitcoin.com, the International Monetary Fund (IMF) has approved El Salvador's eligibility to continue receiving loans, confirming the country's strong performance in implementing its economic reform program. Despite El Salvador's ongoing Bitcoin purchases, the IMF will still disburse the next $120 million loan. Luis Cubeddu, Deputy Director of the IMF's Western Hemisphere Department, and Ivan Torres, Head of the El Salvador Mission, stated: "Most program targets set for the first review were easily achieved, and the implementation of structural benchmarks is also progressing well."
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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