The International Monetary Fund (IMF) has agreed to issue a $1.4 billion loan facility to the government of El Salvador, but there are some strings attached related to the Central American country’s Bitcoin (BTC) and crypto adoption policies.
The cash will support El Salvador’s reform agenda and is subject to approval from the IMF Executive Board, according to a new press release from the United Nations (UN) financial agency.
The IMF also says the facility is expected to “catalyze” a combined total of $3.5 billion in financing from the World Bank and various other international financial institutions.
The UN financial agency notes that El Salvador’s government agreed to limit its crypto efforts as part of the agreement.
“The potential risks of the Bitcoin project will
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