IMF approves El Salvador funds, despite bitcoin purchases
Institution granted waivers after government missed performance targets, including on crypto
The International Monetary Fund has approved a $138 million disbursement to El Salvador after the institution’s board completed the second and third reviews of its financing deal with the country.
“Economic activity has exceeded expectations, supported by sustained improvements in security and investor confidence, as macroeconomic imbalances continue to be addressed,” the IMF said in a statement. “Fiscal consolidation has advanced broadly in line with [programme] objectives, and reserve and
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