IMF Grants El Salvador Loan Approval After Economic Reforms

The International Monetary Fund (IMF) has granted El Salvador’s request for loan disbursement, recognizing the country’s successful implementation of its economic reform program. Despite continued Bitcoin purchases by the government, the IMF is proceeding with a $120 million loan. Deputy Director Luis Cubeddu and Head of the El Salvador Mission Ivan Torres expressed satisfaction, noting that most targets set during the first review were met, while progress on structural benchmarks continues smoothly.