El Salvador defies IMF recommendations, expands cryptocurrency holdings

Despite commitments to cut cryptocurrency purchases as part of a credit agreement with the International Monetary Fund (IMF), El Salvador continues to acquire digital assets. Minister of Economy Maria Luisa Hayem emphasizes government and private sector support for the Bitcoin reserve strategy. The IMF affirms compliance with performance criteria, while acknowledging continued purchases within the reform framework. Official statements highlight how these strategic actions are part of a broader financial and governance restructuring plan aimed at strengthening El Salvador’s economic foundations and ensuring fiscal discipline.