IMF Approves $138 Million for El Salvador After Bitcoin Waiver
The IMF review for El Salvador was tied to a 40-month, $1.4 billion financing program, and any disbursement still depended on Executive Board approval and agreed prior actions. Later coverage said the Fund approved $138 million for the country after a Bitcoin waiver, while also setting limits around further state Bitcoin accumulation and the Chivo exposure. Newer reporting adds that El Salvador received the $138 million and that the IMF said work would continue on reducing the state’s role in Bitcoin-related activity and on strengthening crypto-asset regulation and governance.
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What it means
For El Salvador’s government and the IMF, the immediate effect is that the financing program moved forward with a $138 million disbursement and continued conditions around Bitcoin-related activity. The next morning, the practical focus is on the state’s role in Bitcoin and on the regulatory and governance work the IMF said would continue.
What changes in practice is that the program now includes a completed disbursement after the Bitcoin waiver, while the limits on new Bitcoin purchases remain in place except for recorded donations. The state’s remaining Chivo exposure is still something the Fund wants fully unwound, so the arrangement does not leave that part of the setup untouched.
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Coverage timeline
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