The International Monetary Fund approved the immediate disbursement of approximately $138 million to El Salvador under the country’s $1.4 billion financing program, despite missing certain performance criteria related to Bitcoin accumulation. The IMF granted waivers based on strong corrective measures and renewed commitments from the Salvadoran government. Progress was achieved in financial sector reforms, fiscal transparency and AML/CFT reforms. Majority ownership and operational control of the government Chivo Bitcoin wallet was transferred to a private operator, while the government retained a minority stake. The IMF stated that no further Bitcoin accumulation is envisaged beyond documented donations.
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