El Salvador’s $666 million Bitcoin reserve survives IMF review
Summary
The IMF completed two reviews of El Salvador’s $1.4 billion loan program, unlocking an immediate $138 million disbursement. It granted waivers for missed Bitcoin-related targets after the government renewed its commitment not to make further publicly funded Bitcoin purchases; documented donations remain allowed. El Salvador holds about 7,794 BTC, and the IMF says unexplained additions could complicate future reviews. The Fund also cited fiscal progress and met reserve targets, while calling for more disclosure and regulation of digital-asset holdings and providers and completion of the government’s withdrawal from the Chivo wallet.
