The International Monetary Fund (IMF) announced that El Salvador continues to comply with its commitment to stop the accumulation of Bitcoin (BTC) in the public sector, a key performance target set under its agreement with the organization.
Speaking on the subject, IMF Deputy Director General Rodrigo Valdés noted that the broader scope of El Salvador’s economic program extends far beyond Bitcoin.
“Let me say that I can confirm that, in terms of El Salvador, they continue to comply with the performance criterion that we have, which is the commitment not to accumulate bitcoin by the general financial sector,” Valdés said, adding:
“But beyond that, I think it’s very important for the discussion in El Salvador. El Salvador’s program is not about Bitcoin. It’s much more, much deeper, in terms of structural reforms, in terms of governance, in terms of transparency. There’s a lot of progress there. Also in terms of finances. The authorities are making great progress in implementing reforms.”
The IMF argued that El Salvador had taken meaningful steps to strengthen its economic framework, noting ongoing improvements in governance, fiscal transparency and broader structural reforms.
*This is not investment advice.
