US EditionEl Salvador Committed To Buy Bitcoin Despite IMF Requirement, Says Minister— 'Important Project' Started By Nayib Bukele
- El Salvador purchased seven Bitcoins worth over $650,000 in the week before April 27, continuing to build its strategic reserve despite IMF concerns.
- This action contrasts with the IMF’s condition in the $1.4 billion loan agreement reached in December 2024, which required El Salvador to stop acquiring Bitcoin through public sector purchases.
- While the IMF states Bitcoin is not central to El Salvador’s economic program and praises governance reforms, blockchain data and the National Bitcoin Office report ongoing Bitcoin purchases.
- El Salvador’s Economy Minister Maria Luisa Hayem described Bitcoin as a key initiative launched by President Bukele, who confirmed that the country's commitment to this effort will continue without interruption.
- This situation highlights tension between El Salvador’s innovative crypto strategy and IMF conditions, raising questions about transparency and implications for economic prospects.
16 Articles
16 Articles
El Salvador Committed To Buy Bitcoin Despite IMF Requirement, Says Minister— 'Important Project' Started By Nayib Bukele
El Salvador’s economy minister reiterated the country’s resolve to hoard more Bitcoin (CRYPTO: BTC) Tuesday despite the International Monetary Fund’s requirement to reduce exposure to the leading cryptocurrency. What happened: During an interview with Bloomberg, Maria Luisa Hayem called Bitcoin an "important project" initiated by President Nayib Bukele. "There's a commitment of President Bukele to keep accumulating assets as a way to ...Full sto…
El Salvador’s Economy Minister Says Bitcoin Accumulation Spree an ‘Important Project’ Despite IMF Deal: Report – The Daily Hodl – MAXBIT
A top El Salvador official reportedly says Bitcoin (BTC) purchases are continuing despite a loan agreement with the International Monetary Fund (IMF) that called for scaling them back. According to a new report by Bloomberg, Maria Luisa Hayem, El Salvador’s economy minister, says the country’s decision to accumulate Bitcoin as a reserve asset is not...
El Salvador Committed to Buying Bitcoin Despite IMF Deal, Minister Says – Featured Bitcoin News
El Salvador is quietly defying the IMF, accelerating daily bitcoin buys and reinforcing its bold crypto strategy on the global stage. El Salvador Keeps Buying Bitcoin Daily Despite IMF Loan Conditions El Salvador’s commitment to bitcoin remains steadfast despite pledges made to the International Monetary Fund (IMF) to curb crypto purchases. Speaking during an interview […]
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