IMF Deal Pressures El Salvador to Slow Bitcoin Buys—But Bukele Resists
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El Salvador’s $1.4 billion IMF loan program has advanced with a $120 million tranche approval, but the global lender is pushing back on the country’s Bitcoin strategy.
Under the agreement, the government must freeze its Bitcoin holdings and exit the Chivo wallet by July.
Despite IMF warnings, President Nayib Bukele continues to acquire Bitcoin daily, signaling a clash between sovereign crypto policy and international financial conditions.
The latest payment awaits final IMF board endorsement, with further reviews expected.
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