IMF approves $138 million for El Salvador
- The IMF approved an immediate $138 million disbursement after completing two programme reviews.
- El Salvador received waivers for certain unmet Bitcoin (BTC) accumulation criteria under the agreement.
- The programme now targets reduced state involvement in Bitcoin and stronger crypto-asset oversight.
The IMF has approved $138 million for El Salvador after completing two programme reviews.
The funding follows the second and third reviews of El Salvador’s 40-month Extended Fund Facility programme.
The IMF granted waivers for certain unmet Bitcoin (BTC) accumulation criteria after corrective measures and renewed commitments.
The programme requires El Salvador to reduce state involvement in Bitcoin-related activities.
The government also committed to stronger transparency around public-sector crypto-asset holdings.
El Salvador has completed the transfer of majority control of its Chivo government wallet to a private operator.
The IMF also called for stronger regulation, supervision and governance frameworks covering crypto-asset providers.
The initiative marks a direct shift toward light-touch federal oversight across emerging digital asset markets.
