The International Monetary Fund has completed the second and third reviews of El Salvador’s $1.4 billion financing program and disbursed $139 million, according to a post shared by Bitcoin News on X. The update also said the IMF granted a waiver after the country breached limits tied to Bitcoin holdings. At the same time, the Fund now expects that, apart from documented donations, the Salvadoran government will not make additional Bitcoin purchases. It also expects greater transparency around the country’s public Bitcoin holdings. The development ties funding progress under the program to the government’s handling of Bitcoin-related commitments and disclosure standards.
The International Monetary Fund has completed the second and third reviews of El Salvador’s $1.4 billion financing arrangement and released $139 million, according to a post by Bitcoin News on X.
The post said the IMF also granted a waiver after El Salvador breached limits on Bitcoin holdings.
The IMF now expects that, aside from documented donations, the Salvadoran government will not buy more Bitcoin and will increase transparency around its public Bitcoin holdings.
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