Washington (United States) (AFP) – The participation of the Salvadoran State in activities related to bitcoins is being dismantled, while the corresponding regulations are being strengthened, the International Monetary Fund (IMF) stated this Thursday after approving a new tranche of loan of 140 million dollars to the Central American country.
First modification: 02/10/2026 - 19:24
El Salvador committed to completely eliminate any exposure to cryptocurrencies from its public accounts during the latest discussions around the $1.4 billion support program signed with the Fund.
"Further accumulation of bitcoin beyond documented donations is not anticipated," the IMF explained in a press release to report the approval of the credit tranche.
"Priority should be given to improving transparency and disclosure of public sector holdings of cryptoassets, as well as improving regulatory, supervisory and governance frameworks," the text adds.
The bitcoin issue has been the most followed element of the agreement with the IMF since President Nayib Bukele signed a line of credit for $1.4 billion.
The IMF plan called for El Salvador to wind down the experiment with bitcoin, which had made it a darling of the cryptocurrency industry and a curiosity in global finance.
The growth of El Salvador's economic activity "has exceeded expectations" and the government continues with its fiscal adjustment and stability program, the Fund noted.
The outlook for GDP growth this year is 4.5%.
Around 30% of Salvadorans however live in poverty, and the cutback plans have hit the public sector hard.
© 2026 AFP
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