The International Monetary Fund (IMF) said Tuesday it wants El Salvador to keep its bitcoin reserves unchanged.
This position contrasts sharply with President Nayib Bukele’s push to expand the country’s Bitcoin portfolio.
The announcement came as part of a review under the Extended Fund Facility agreement. The IMF confirmed a staff-level deal had been reached with El Salvador.
In the end of 2024 , El Salvador agreed to scale back its bitcoin activity. In return, the IMF offered a 40-month financing deal, including a $1.4 billion loan.
Other global lenders, like the World Bank, may add further support. Together, the total financing package could reach $3.5 billion.
The IMF’s latest stance signals continued pressure on El Salvador to follow traditional financial norms. This comes even as Bukele remains a vocal proponent of bitcoin adoption nationwide.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/imf-urges-el-salvador-to-freeze-bitcoin-holdings-amid-loan-deal/