The IMF approves El Salvador's economic performance and will receive a loan of $120 million.

GateUser-6433627c · 2025-05-29T10:50:17+00:00

The IMF has approved El Salvador to continue receiving a loan of $120 million, acknowledging its performance in implementing economic reform plans. Despite El Salvador's continued purchases of Bitcoin, the IMF expressed satisfaction and will continue to provide support. IMF officials stated that El Salvador has met most of the project goals in the first review, and structural benchmarks have also made good progress.

GateUser-6433627c

2025-05-29 10:50:17

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[IMF approves El Salvador’s economic performance, will receive $120 million loan] According to News.Bitcoin.com, the International Monetary Fund (IMF) has approved El Salvador’s compliance with the conditions to continue receiving loans, confirming that the country has performed strongly in implementing its economic reform plan. Despite El Salvador’s continued purchases of Bitcoin, the IMF will still distribute the next $120 million loan. Luis Cubeddu, Deputy Director of the IMF’s Western Hemisphere Department, and Ivan Torres, Head of the El Salvador Mission, stated: “Most of the program targets set for the first review have been easily achieved, and the implementation of the structural benchmarks is also progressing well.”

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