IMF Approves $139 Million Disbursement, Grants Waiver for El Salvador's Breach of Bitcoin Accumulation Limits

Odaily reports that the International Monetary Fund has approved an immediate disbursement of $139 million to El Salvador, following the completion of the second and third reviews of its $14 billion Extended Fund Facility. The institution granted a waiver for El Salvador's failure to meet performance criteria related to Bitcoin holdings, stating that the country has taken corrective measures and reaffirmed its commitments; documents provided by El Salvador show that the Bitcoin added after the first review came from private donations rather than public funds. The IMF stated that El Salvador's economic performance has exceeded expectations, and that progress has been made in anti-money laundering efforts, fiscal transparency, and the transfer of majority ownership and control of the state-owned digital wallet Chivo to a private operator.