Back in March, El Salvador reached an agreement with the IMF to receive a $3.5 billion loan package. Some of the conditions ...

By Mathew Cohen The International Monetary Fund announced on May 27 that it had reached a staff-level agreement with El ...

The IMF urged a halt to crypto accumulation as part of $1.4 billion program. El Salvador responded by buying more.

The International Monetary Fund said on Tuesday it had reached an agreement with El Salvador to disburse about $120 million, ...

IMF staff and the Salvadoran authorities have reached staff-level agreement on the first review of the country’s extended arrangement under the Extended Fund Facility (EFF). They also finalized ...

The International Monetary Fund (IMF) has successfully completed the first review of its $1.4 billion 40-month extended fund ...

El Salvador has bet on Bitcoin, but to get a loan from the IMF it must close the Chivo Wallet and stop new purchases. Will President Bukele give up his obsession with cryptocurrency?

El Salvador secured a $120 million payout from the IMF as part of its $1.4 billion loan agreement, on condition of reducing Bitcoin exposure.

The IMF will "ensure" Bitcoin holdings of El Salvador stay unchanged, tying the condition to its $1.4b loan program.

But after Nayib Bukele, the self-described “world’s coolest dictator”, announced in 2021 that El Salvador would become the ...