IMF Praises El Salvador's Growth, Bitcoin Strategy
Update: 2025-12-23
Description
El Salvadors economic growth, fueled by remittances and investments, has impressed the IMF, with a four percent GDP projection for this year. Despite earlier concerns, the countrys bitcoin strategy, including making it legal tender, seems to be benefiting, as remittances surge and investors show renewed optimism. Negotiations for selling the governments crypto wallet, Chivo, are progressing, and discussions on the bitcoin project continue, focusing on transparency and risk mitigation. With growth on track, El Salvador is forging its own path, aiming for a staff level agreement on their loan program.
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