IMF reaches a binding agreement with El Salvador on Bitcoin policy

ChainCatcher news, according to The Block, the International Monetary Fund (IMF) confirmed on May 27 that under the $1.4 billion loan agreement reached in December 2024, the Salvadoran government has committed to maintaining its current Bitcoin reserve levels. As part of a 40-month financial aid program, the country's Congress has amended the Bitcoin Law, removing the requirement for the private sector to accept Bitcoin payments, with potential total aid reaching $3.5 billion.

Although Salvadoran President Nayib Bukele publicly stated in March this year that he would continue to increase Bitcoin holdings and disclosed that the current unrealized loss is $357 million, he did not directly respond to the IMF's latest statement regarding the "restriction on new purchases" clause. The IMF noted in its February assessment that there are financial risks associated with the country's Bitcoin reserves that have yet to materialize.