El Salvador Adjusts Bitcoin Policies for Critical IMF Loan
El Salvador has committed to altering its Bitcoin policy amid a critical agreement with the International Monetary Fund (IMF). This deal involves a $1.4 billion loan as part of a 40-month Extended Fund Facility (EFF) arrangement. The IMF announced this staff-level agreement, reflecting the need for fiscal stability and sustainable development in El Salvador. This shift in approach underlines the country’s intent to balance innovative cryptocurrency initiatives with economic recovery efforts.
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