Crypto
IMF Releases $138M to El Salvador Despite Unmet Bitcoin Targets
The International Monetary Fund (IMF) has approved the release of approximately $138 million to El Salvador under its $1.4 billion financing program, despite some performance targets not being met.
The IMF granted waivers for unmet criteria on the basis of 'strong corrective measures and renewed commitments' implemented by El Salvador.
The lender cited progress in financial sector reforms, fiscal transparency measures, and anti-money laundering/combating the financing of terrorism (AML/CFT) reforms as key takeaways from the program reviews.