IMF Grants El Salvador an Exception for Its Bitcoin (BTC) Holdings—Is a Policy Reversal Coming?
Key Highlights The IMF approved a $138 million disbursement to El Salvador despite missed performance criteria linked to Bitcoin accumulation. The exemption was granted after the Salvadoran government adopted corrective measures and renewed its commitments under the program. The IMF cited progress on financial-sector reforms, fiscal transparency, anti-money-laundering controls, and the transfer of majority control ...