đš El Salvador Secures $138M IMF Disbursement After Bitcoin Waiver
The IMF approved a $138 million payout to El Salvador after granting waivers for the country's breach of a key program condition: limiting public-sector Bitcoin accumulation. The IMF accepted El Salvador's explanation that recent Bitcoin inflows came from private donations, not public purchases. $BEAMX $GLMR
The funds follow the IMF's completion of the second and third reviews of El Salvador's $1.4 billion Extended Fund Facility. The IMF stressed that El Salvador must continue reducing state involvement in Bitcoin and strengthen crypto regulation. Meanwhile, the economy is outperforming expectations, with GDP growth projected at 4.5% in 2026.
The IMF approved a $138 million payout to El Salvador after granting waivers for the country's breach of a key program condition: limiting public-sector Bitcoin accumulation. The IMF accepted El Salvador's explanation that recent Bitcoin inflows came from private donations, not public purchases. $BEAMX $GLMR
The funds follow the IMF's completion of the second and third reviews of El Salvador's $1.4 billion Extended Fund Facility. The IMF stressed that El Salvador must continue reducing state involvement in Bitcoin and strengthen crypto regulation. Meanwhile, the economy is outperforming expectations, with GDP growth projected at 4.5% in 2026.
