On March 20, 2023, the Executive Board of the International Monetary Fund concluded the consideration of the 2023 Article IV of El Salvador. Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective ...

Dec 18, 2024 · IMF staff and the El Salvadoran authorities have reached a staff-level agreement on a new arrangement under the IMF’s Extended Fund Facility (EFF) for about US .4 billion to support the government’s reform agenda. The agreement is …

Aug 6, 2024 · These discussions focused on policies that could be supported by an IMF program to address macroeconomic imbalances and strengthen El Salvador’s medium-term growth prospects and resilience.

El Salvador has been a member of the International Monetary Fund (IMF) since 1946. Their quota currently consists of 287.20 million SDR. The country has received loans from the IMF in the past, but most recently has received only standby loans and currently has no outstanding payments. [1]

Jan 30, 2025 · Lawmakers in El Salvador rush new bitcoin reform after IMF deal. By Reuters. January 30, 2025 1:33 AM UTC Updated ago. Item 1 of 5 A woman passes by the Bitcoin Monument after bitcoin soared above ...

Dec 18, 2024 · The Central American nation and the Washington-based lender agreed on a $1.4 billion loan program to be disbursed over 40 months, according to a statement by the IMF. In exchange, El Salvador had agreed to adopt measures that will improve its primary balance and help cut its debt-to-GDP ratio.

Nov 22, 2024 · El Salvador has a high chance of striking a staff-level agreement with the International Monetary Fund next month for about $1.4 billion, people familiar with the negotiations said.

Oct 13, 2023 · The International Monetary Fund's engagement with El Salvador has been "very productive" following a recent visit from a negotiating team, but an agreement is "not there yet" for a new...

Feb 3, 2025 · El Salvador's Congress has passed a bill introduced by President Nayib Bukele to reform the country's Bitcoin law, in line with an agreement with the International Monetary Fund (IMF), reported ...

Oct 4, 2024 · The International Monetary Fund stated that if El Salvador doesn’t get rid of its Bitcoin Bitcoin -0.6% law, which made bitcoin legal tender in the country, it should at least “narrow the...