IMF praises El Salvador’s 4% GDP growth as bitcoin tensions ease

IMF praises El Salvador’s 4% GDP growth as bitcoin tensions ease

The IMF cites rising investment, strong remittances, and progress on crypto reforms as it signals warming relations with the bitcoin-heavy economy.

IMF Acknowledges Progress On El Salvador Reforms, Cites Stronger Growth - Invest In Crypto News

Helping you make informed financial decisions with the latest news and insights from the world of investing and cryptocurrency. Unlock the power of crypto.

IMF Says El Salvador Is in Talks to Sell State-Run Chivo Bitcoin Wallet

San Salvador — On Monday, the International Monetary Fund said that El Salvador is moving forward with talks to sell its state-run Chivo Bitcoin wallet. This could mean that the government is moving further away from directly managing cryptocurrency infrastructure. The IMF released the report as part of its ongoing evaluation of a $1.4 billion loan facility agreed in 2024. The financing came with stipulations to mitigate the risks associated wit…

In major move, El Salvador advances sale of state-run Chivo Bitcoin wallet - CoinCodeCap

IMF Mission Chief for El Salvador disclosed Monday that discussions regarding the wallet's sale have reached advanced stages

IMF says El Salvador in talks to sell state-run Chivo Bitcoin wallet

The IMF updated the public on a 2024 deal with El Salvador, so that the government would stop acquiring Bitcoin and wind down its involvement in the Chivo wallet.