IMF Approves $120 Million Loan to El Salvador Amidst Bitcoin Purchases

El Salvador has received crucial financial support from the International Monetary Fund (IMF) for its economic reform program, with a $120 million loan approved despite continued controversy over Bitcoin purchases. The IMF acknowledges El Salvador’s progress in implementing reforms and affirms its commitment to supporting these efforts. This approval demonstrates the IMF’s confidence in El Salvador’s initiatives to achieve its program goals.