IMF Approves $138M Disbursement for El Salvador Amid Bitcoin Accumulation Waiver

The International Monetary Fund (IMF) has approved a disbursement of SDR 101.96 million ($138 million) for El Salvador, following its approval of a waiver related to the country's Bitcoin accumulation.

El Salvador agreed to an IMF program in February, with total access of about $1.4 billion. The latest disbursement is part of this broader financial arrangement.

The government had failed to meet a condition related to Bitcoin accumulation, but the IMF granted waivers based on corrective measures and renewed commitments from the authorities.

Under the latest program commitments, El Salvador is not expected to accumulate more Bitcoin beyond documented donations. The IMF also stated that the government is working to reduce its role in BTC-related activities, including plans to improve transparency around public-sector crypto holdings and strengthen rules governing crypto-asset companies.