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The IMF approves El Salvador's economic performance and will receive a loan of $120 million.
[IMF approves El Salvador's economic performance, will receive $120 million loan] According to News.Bitcoin.com, the International Monetary Fund (IMF) has approved El Salvador's compliance with the conditions to continue receiving loans, confirming that the country has performed strongly in implementing its economic reform plan. Despite El Salvador's continued purchases of Bitcoin, the IMF will still distribute the next $120 million loan. Luis Cubeddu, Deputy Director of the IMF's Western Hemisphere Department, and Ivan Torres, Head of the El Salvador Mission, stated: "Most of the program targets set for the first review have been easily achieved, and the implementation of the structural benchmarks is also progressing well."