El Salvador and the IMF
On March 20, 2023, the Executive Board of the International Monetary Fund concluded the consideration of the 2023 Article IV of El Salvador. Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective ...
IMF Reaches Staff-Level Agreement with El Salvador on an …
Dec 18, 2024 · Washington, DC: An International Monetary Fund (IMF) staff team led by Luis Cubeddu, Deputy Director of the Western Hemisphere Department, and Raphael Espinoza, Mission Chief for El Salvador, held discussions in San Salvador from December 5-14, 2024. Upon conclusion of these discussions, Mr. Cubeddu and Mr. Espinoza issued the following statement:
IMF Staff Statement on El Salvador
Aug 6, 2024 · An International Monetary Fund (IMF) mission led by Mr. Raphael Espinoza issued a statement following in person and virtual discussions over the past months with the Salvadoran authorities.
El Salvador Reaches Loan Deal With IMF - Bloomberg
Dec 18, 2024 · El Salvador reached a deal with the International Monetary Fund after four years of negotiations that were strained by the country’s adoption of Bitcoin as a legal tender. The Central American...
El Salvador’s Bitcoin Gambit Could Hit Speed Bump for $1.3B IMF …
Dec 10, 2024 · El Salvador’s controversial Bitcoin (BTC) experiment could soon be scaled back. The country expects to reach an agreement on a $1.3 billion loan deal with the International Monetary Fund (IMF) in return for changes to its pro-Bitcoin legislation.
El Salvador Secures $1.4 Billion IMF Deal, Adjusts Bitcoin Law
Dec 19, 2024 · El Salvador has reached a staff-level agreement with the International Monetary Fund (IMF) for a $1.4 billion Extended Fund Facility (EFF) arrangement. The 40-month deal aims to address the country’s fiscal challenges while supporting economic reforms and …
El Salvador Sees IMF Agreement for About $1.4 Billion Next Month
Nov 21, 2024 · El Salvador has a high chance of striking a staff-level agreement with the International Monetary Fund next month for about $1.4 billion, people familiar with the negotiations said.
El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan …
Dec 9, 2024 · El Salvador, the first country in the world to accept Bitcoin as legal tender, is reportedly scaling back its BTC ambitions under pressure from the International Monetary Fund (IMF).
El Salvador Ditches Bitcoin Wallet in IMF Deal but Plans to Boost …
Dec 19, 2024 · According to a report, as part of an agreement with the International Monetary Fund (IMF), El Salvador will sell or stop using its state-run Bitcoin (BTC) wallet, Chivo. The action fits in...
El Salvador to Dial Back Bitcoin Ambitions for IMF Loan, Report …
Dec 9, 2024 · El Salvador may pull back on a mandate requiring businesses to accept bitcoin as payment, the FT reported. Sources expect this could unlock a $1.3 billion IMF loan. El Salvador embraced...