ChainCatcher message, El Salvador is expected to reach a $1.3 billion loan 01928374656574839201 with the International Monetary Fund (IMF) in the next two to three weeks.
The protocol conditions include cancelling the requirement for enterprises to accept BTC payments, reducing the budget deficit by 3.5 percentage points, and increasing forex reserves to $15 billion. This is aimed at promoting El Salvador's return to the international financial system and obtaining further loans from the World Bank and the Inter-American Development Bank in the coming years.
The IMF had previously opposed El Salvador's adoption of BTC as legal tender, emphasizing its financial stability risks.
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El Salvador is expected to reach a $1.3 billion loan protocol with the IMF, canceling the requirement for businesses to accept BTC payments
ChainCatcher message, El Salvador is expected to reach a $1.3 billion loan 01928374656574839201 with the International Monetary Fund (IMF) in the next two to three weeks. The protocol conditions include cancelling the requirement for enterprises to accept BTC payments, reducing the budget deficit by 3.5 percentage points, and increasing forex reserves to $15 billion. This is aimed at promoting El Salvador's return to the international financial system and obtaining further loans from the World Bank and the Inter-American Development Bank in the coming years. The IMF had previously opposed El Salvador's adoption of BTC as legal tender, emphasizing its financial stability risks.