The International Monetary Fund (IMF) has approved a $1.4 billion Extended Fund Facility (EFF) arrangement with El Salvador, aimed at addressing macroeconomic imbalances and boosting growth prospects. However, the IMF has imposed restrictions on El Salvador's bitcoin plans, prohibiting the public sector from accumulating bitcoin during the program. The IMF cited the limited usage of bitcoin in El Salvador due to its high price volatility and low public trust. President Nayib Bukele announced the purchase of 19 BTC for the country's coffers as the asset's price fell. The EFF aims to improve the country's GDP primary balance and reduce debt, while supporting growth through security gains and reforms.



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