IMF Approves $1.4B Loan El Salvador

IMF Approves $1.4 Billion Loan for El Salvador with Bitcoin Policy Adjustments

• The IMF has approved a $1.4 billion extended arrangement for El Salvador.
• An immediate disbursement of $113 million is available to the country.
• The program aims to improve the primary balance by 3.5% of GDP over three years.
• Bitcoin acceptance in the private sector is now voluntary, and taxes must be paid in US dollars.
• El Salvador plans to withdraw from its crypto e-wallet participation gradually.

The IMF’s $1.4 billion loan includes an immediate $113 million disbursement, addressing macroeconomic imbalances and modifying Bitcoin policies, such as making its acceptance voluntary and requiring tax payments in US dollars.