Overseas Trade: El Salvador
The question
To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the potential (a) implications for his policies and (b) impact on bilateral trade relations of the International Monetary Fund's loan deal with the Republic of El Salvador.
Answered by Mr Douglas Alexander
The UK Government is aware of the agreement reached between the International Monetary Fund and the Government of El Salvador for a new arrangement under the Extended Fund Facility, which aims to support economic reforms in the country. The UK will continue to use the UK-Central America Association Agreement to strengthen our trade relationship with El Salvador, which was worth £66m in the 12 months to June 2024.
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