IMF Waives El Salvador’s Bitcoin Purchase Breach, Approves $139 Million Disbursement
The International Monetary Fund (IMF) has granted El Salvador a waiver after the country breached a condition limiting additional Bitcoin purchases. The IMF approved a $139 million disbursement as part of El Salvador's $1.4 billion Extended Fund Facility program.
The IMF cited corrective measures and renewed policy commitments from El Salvador as reasons for granting the waiver, but emphasized that any further Bitcoin accumulation beyond officially confirmed donated amounts must stop. The country has continued to buy Bitcoin since adopting it as legal tender alongside the US dollar in 2021.
The IMF also commended El Salvador's economic progress, citing improved public security and a recovery in investor sentiment as factors contributing to growth of 4.5% this year and 4% in 2027.