IMF Approves $140 Million Loan Disbursement for El Salvador Following Bitcoin Reforms

The International Monetary Fund has reached an agreement with El Salvador to release $140 million in funding, contingent on the country's implementation of regulatory reforms related to its Bitcoin holdings.

5 Sept, 02:45 — 5 Sept, 02:45

Post Share

Sources

Showing 1 of 1 sources

tico-timesMixed9h ago

IMF Agrees to Unlock $140 Million for El Salvador After Bitcoin Reforms

The International Monetary Fund (IMF) announced that it had reached an agreement with El Salvador that could unlock a $140 million loan disbursement, after securing commitments related to Bitcoin. In September 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender alongside the U.S. dollar. Concerned about the risks […] The post IMF Agrees to Unlock $140 Million for El Salvador After Bitcoin Reforms appeared first on The Tico Times | Costa Rica News | Travel ...

By AFP

Read full article →

IMF Approves $140 Million Loan Disbursement for El Salvador Following Bitcoin Reforms

Sources

IMF Agrees to Unlock $140 Million for El Salvador After Bitcoin Reforms

Related Stories

Serbia's Ruling Party Nominates Vučić as Prime Minister Candidate

US Ambassador Visits West Bank Town Amid Rising Settler Violence

Germany Braces for Far-Right AfD Breakthrough in Saxony-Anhalt Election

Five EU countries push ahead with plan to send rejected asylum seekers to return hubs