El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies.

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El Salvador avanza en acuerdo de Servicio Ampliado con el Fondo Monetario Internacional por US$ 1.400 millones

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El Salvador Advances in Expanded Service Agreement with the International Monetary Fund for US$ 1.4 Billion

In 2021, El Salvador became the first country in the world to make bitcoin acceptance mandatory.

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El Salvador gets IMF $1.4bn deal after scaling back bitcoin bet

CNN en Español The International Monetary Fund (IMF) reported this Wednesday in a statement that reached an agreement with El Salvador authorities for a US$1.4 billion expanded Fund service, to be used in a 40-month program. “The agreement is subject to approval by the IMF Executive Board and conditional on the implementation of agreed previous actions,” the message says. CNN is trying to consult with the Government of El Salvador to have detail…

CNN en Español El Fondo Monetario Internacional (FMI) informó este miércoles en un comunicado que alcanzó un acuerdo con autoridades de El Salvador por un servicio Ampliado del Fondo por US$ 1.400 millones, a usarse en un programa de 40 meses. “El acuerdo está sujeto a la aprobación del Directorio Ejecutivo del FMI y condicionado a la implementación de las acciones previas acordadas”, dice el mensaje. CNN está intentando consultar con el Gobiern…

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Washington, United States — The IMF announced on Wednesday that it had reached an agreement on a $1.4 billion loan deal with the government of El Salvador to strengthen the Central American country’s economy. “The program aims to strengthen fiscal and external sustainability, through implementation of an ambitious and growth-friendly fiscal consolidation plan,” the International

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IMF reaches new $1.4B loan agreement with El Salvador

The agency is showing flexibility by allowing the bitcoin program to proceed in a limited way.

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El Salvador Made Bitcoin an Official Currency. Now It's Backtracking for IMF Loan

El Salvador softened its Bitcoin stance for a $1.4 billion IMF loan deal, making acceptance of the crypto voluntary and cutting government involvement in BTC-related schemes.

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El Salvador makes Bitcoin payments voluntary in $1.4B IMF loan deal

El Salvador to sell or discontinue Chivo bitcoin wallet in IMF deal.

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El Salvador to sell or discontinue its bitcoin wallet as part of IMF deal (BTC-USD:Cryptocurrency)

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El Salvador to scale back its bitcoin efforts under an agreement for a $1.4B IMF loan; bitcoin acceptance will no longer be mandatory for the private sector  —  Under the agreement, El Salvador will make Bitcoin acceptance voluntary for the private sector while restricting public sector involvement.

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El Salvador to scale back its bitcoin efforts under an agreement for a $1.4B IMF loan; bitcoin acceptance will no longer be mandatory for the private sector

San Salvador. El Salvador considers privatizing or closing the Chivo digital wallet, created by President Nayib Bukele when giving legal tender to the bitcoin in 2021, after reaching an agreement with the IMF for a credit, reported on Thursday one official. “The Chivo wallet will be sold or discontinued,” announced the director of the Bitcoin National Office, Stacy Herbert, in her X network account.Herbert did not mention how many users the wall…

San Salvador. El Salvador considera privatizar o cerrar la billetera digital Chivo, creada por el presidente Nayib Bukele al dar curso legal al bitcóin en 2021, tras alcanzar un acuerdo con el FMI para un crédito, informó este jueves una funcionaria.“La billetera Chivo se venderá o se descontinuará”, anunció la directora de la Oficina Nacional de Bitcóin, Stacy Herbert, en su cuenta de la red X.Herbert no mencionó cuántos usuarios tiene la bille…

El Salvador planea privatizar o cerrar su billetera digital tras acuerdo con FMI

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El Salvador plans to privatize or close its digital wallet after agreement with IMF

El Salvador has agreed to scale back its crypto agenda in exchange for a $1.4 billion loan from the International Monetary Fund (IMF), marking a shift in the country's quest to become a global cryptocurrency hub.   After four years of negotiations, the IMF approved a $1.4 billion Extended Fund Facility loan to be disbursed over 40 months to support El Salvador's economic reforms. But securing the deal came at a cost: The Salvadoran government pr…

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El Salvador gets IMF $1.4bn deal after scaling back bitcoin bet

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