The International Monetary Fund confirms El Salvador adheres to its pledge not to accumulate Bitcoin in its fiscal sector.
watch videoThe IMF have come out to clear the air that El Salvador recent consistent buying of bitcoin are still in line with the agreed program requirements/conditionality and that they haven't violated any of the essentials terms. This clarification is going to stop the rumors that El Salvador isn't keeping to agreement with the IMF standards.
This is a clearer evidence that El Salvador is still on the right paths and haven't lost a single steps while accumulating Bitcoin and still keeping to IMF agreement.
The IMF has added a condition to its $1.4 billion loan to El Salvador, meaning that El Salvador cannot purchase Bitcoin from its government reserves. The IMF has long prohibited the president of El Salvador from purchasing Bitcoin daily from the public sector, yet the president continues to purchase Bitcoin daily. However, this time the president will adopt an alternative method for purchasing Bitcoin, specifically urging the private sector to purchase Bitcoin from the private sector rather than spending money from the government sector. However, the IMF has previously prohibited El Salvador from purchasing Bitcoin with government funds, but this time it has agreed to take out a loan on the condition that Salvador will not purchase Bitcoin from government reserves.
https://coingape.com/el-salvador-pauses-public-sector-bitcoin-purchases-to-align-with-imf-loan-conditions/this paper is clearer, and discusses the great outside interferences aiming at the present Salvador revolution.
IMF is currently sort of fossil, but itself will be submitted to great internal/external evolutions. world is changing presently.
please let Salvador pursue its not-so-evident transformation.