IMF Approves $138M Tranche for El Salvador Despite Missed Targets

The International Monetary Fund (IMF) has approved the release of $138 million to El Salvador under its $1.4 billion financing program, despite the country not fully meeting certain performance targets.

The decision came after the IMF's Executive Board completed the second and third reviews of El Salvador's 40-month Extended Fund Facility arrangement.

IMF officials said the disbursement was accompanied by waivers tied to 'strong corrective measures and renewed commitments.'

The IMF also reiterated that further Bitcoin accumulation will not be carried out beyond previously documented donations.