El Salvador Stands Firm with Bitcoin Strategy Despite IMF Loan Terms

Despite facing a $1.4 billion IMF loan agreement with conditions that include fiscal reforms and increased transparency, El Salvador continues to purchase Bitcoin as part of its strategy for diversifying its reserves and stabilizing its dollar-dependent economy. The country’s Economy Minister, María Luisa Hayem, confirmed the continued Bitcoin accumulation alongside these reforms. While the IMF permits Bitcoin purchases if fiscal reforms are advanced, Hayem emphasized that Bitcoin is not replacing but supplementing these essential measures.