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IMF Clears El Salvador’s $1.4 Billion Program Reviews, Releases $139 Million
The approval included a waiver related to Bitcoin holdings and calls for greater transparency around public Bitcoin holdings.
Mentioned assets
The International Monetary Fund completed El Salvador’s second and third program reviews, releasing $139 million under the country’s $1.4 billion financing program.
The latest approval included a waiver related to the country’s Bitcoin holdings.
El Salvador is not expected to accumulate additional Bitcoin beyond documented donations. The country is also expected to improve transparency around public Bitcoin holdings.
The disbursement follows completion of the two program reviews.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.