IMF Praises El Salvador's 4% Growth, But Bitcoin Strategy Remains a Point of Tension
The IMF has praised El Salvador for its strong 4% economic growth, but the nation's continued accumulation of Bitcoin remains a point of tension, defying the fund's advice.
The International Monetary Fund is applauding El Salvador's economy, but President Bukele is still buying the Bitcoin dip. In a statement on Monday, the IMF praised the Central American nation for stronger-than-expected growth, even as the country continues to defy the Fund's previous recommendations on its crypto strategy.
An Unexpected Economic Boom
According to the IMF, El Salvador's real GDP growth is projected to reach around 4% this year, driven by improved confidence, record remittances, and buoyant investment. The agency described the 2026 outlook as “very good.” The positive review comes as both parties continue to negotiate a $3.5 billion loan package that was agreed upon in principle back in March.
Defying a Financial Titan on Bitcoin
The update notably didn't include the IMF's previous suggestions for El Salvador to halt its strategy of accumulating Bitcoin (BTC). Under President Nayib Bukele, the country has pressed on, adding over 1,000 BTC during November's market selloff. Its national treasury has now reportedly accumulated nearly 7,500 BTC, worth approximately $660 million at current prices.
The IMF added that discussions on the Bitcoin project continue, centered on “enhancing transparency, safeguarding public resources, and mitigating risks,” signaling that the policy remains a key point of contention.
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