El Salvador Reaches IMF Deal, Maintains Bitcoin Reserves Despite Fiscal Reforms

El Salvador and the International Monetary Fund (IMF) have reached a staff-level agreement for the first review of the country’s 40-month Extended Fund Facility (EFF) arrangement. The agreement requires approval from the IMF’s Executive Board, contingent on fulfilling pre-determined conditions. El Salvador’s early progress under the program has been positive, with the nation meeting fiscal and reserve targets while actively advancing reforms focused on governance and financial resilience.