But they silently accumulating and ignore those conditions made by IMF. I find their action great statement that there's no one can stop them to buy Bitcoin.
This is relevant article towards this topic
https://www.ccn.com/news/crypto/el-salvador-bitcoin-purchases-despite-imf-pressure/I really had strong admiration of EL Salvador President since their current action state that IMF action will not bother them and they continue to do what they believe could bring future progress on their country. I also believe that in future IMF pressuring will stop and they would not ask same condition and just let El Salvador to buy Bitcoin.
Bukele has always had some kind of adventurous spirit, I don’t know how to put it correctly. Despite all the prohibitions, Bukeli will continue to do what he considers necessary and best for his country. I don’t know why it is so important for the IMF that El Salvador stops buying bitcoin. I don’t think that this can globally affect anything, the price of bitcoin, the attitude of other countries to bitcoin and so on. This is simply a far-fetched goal of the IMF, having achieved which they present it as their victory. But, as we see, this does not work and El Salvador continues to buy.
I admire the president, the dude has long-term vision with bitcoin, I hope I'm right with my interpretation of his intent? He is just another reminder of going after what you believe no matter the price you would pay. IMF does not see bitcoin as the right investment, maybe because they feel that the volatility of bitcoin might make the country economy unstable in case bitcoin performs badly and also they would not be able to manage debt securities better with a volatile legal tender or even a high rate of crime risks since it isn't very easy to trace funds flow, but Bukele believes that bitcoin is the future of money and thus investing into it consistently can place them at a profitable position on the long-run which is very possible.
If Bukele can achieve his bitcoin city dream, his country would definitely see an economic boost and investors would troop in for business activities, It is possible that the country can pay off IMF loans in no distant time from revenues from bitcoin city and most importantly, EL Salvador needs their own local currency so they can quit depending on dollar, their central bank can issue its own currency and be able to control monetary policies.