IMF Verifies Private Donations Drive El Salvador's Bitcoin Growth

The International Monetary Fund (IMF) has completed its combined second and third program reviews of El Salvador's economy. The review found that private donations, not public funds, have driven El Salvador's Bitcoin reserve growth since the first review.

El Salvador entered a 40-month Extended Fund Facility (EFF) in February 2025 with total access of roughly $1.4 billion, equal to 360% of the country's quota at the fund.

The IMF stated that it has verified the source of coins added since the first review and found that they reflect private donations. No public resources were used for Bitcoin accumulation, and no further accumulation beyond documented donations is expected going forward.