El Salvador isn’t slowing down its Bitcoin accumulation, despite being under a major loan program from the International Monetary Fund (IMF) that had reportedly urged restraint.
According to Bloomberg, the country’s economy minister, María Luisa Hayem, confirmed that Bitcoin remains a strategic asset for the nation and that the government is continuing to add it to its reserves.
Hayem emphasized that Bitcoin plays a central role not just in government planning, but also among private sector interests. “There’s a clear commitment from President Bukele to continue building our digital asset holdings,” she stated, reinforcing the idea that Bitcoin’s role in El Salvador is far from symbolic.
The continuation of Bitcoin purchases comes despite speculation that last year’s $1.4 billion IMF loan required the country to pause such activity. That funding deal included a range of fiscal reforms designed to stabilize El Salvador’s economy, raising concerns that further Bitcoin acquisitions might breach those conditions.
However, the IMF appears satisfied—for now. When questioned recently by Ion Group, an international financial software firm, IMF official Rodrigo Valdes clarified that El Salvador is still operating within the agreement’s parameters. He explained that the official restriction applies specifically to fiscal sector accumulation, and the government has not violated that clause.
Valdes also noted that the IMF’s engagement with El Salvador is broader than just cryptocurrency concerns. “The reform package goes far beyond Bitcoin,” he said, highlighting progress on governance, transparency, and structural overhauls. According to him, these advancements are where the real focus of the IMF program lies.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/el-salvadors-economy-minister-confirms-ongoing-bitcoin-accumulation/