IMF Waives El Salvador’s Bitcoin Breach to Unlock $138M Payout
macro
The IMF approved a roughly $138 million disbursement to El Salvador after waiving a condition tied to the country’s Bitcoin-related commitments. The decision allows the lending program to proceed despite concerns over El Salvador’s Bitcoin policy and signals a pragmatic compromise rather than a reversal of its adoption. For Bitcoin, the payout offers limited evidence of broader institutional acceptance; the IMF’s oversight and restrictions on public-sector exposure remain in place.
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