El Salvador and the IMF
On March 20, 2023, the Executive Board of the International Monetary Fund concluded the consideration of the 2023 Article IV of El Salvador. Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective ...
IMF Reaches Staff-Level Agreement with El Salvador on an …
Dec 18, 2024 · IMF staff and the El Salvadoran authorities have reached a staff-level agreement on a new arrangement under the IMF’s Extended Fund Facility (EFF) for about US .4 billion to support the government’s reform agenda. The agreement is …
IMF Staff Statement on El Salvador
Aug 6, 2024 · These discussions focused on policies that could be supported by an IMF program to address macroeconomic imbalances and strengthen El Salvador’s medium-term growth prospects and resilience.
El Salvador and the International Monetary Fund - Wikipedia
El Salvador has been a member of the International Monetary Fund (IMF) since 1946. Their quota currently consists of 287.20 million SDR.The country has received loans from the IMF in the past, but most recently has received only standby loans and currently has no outstanding payments. [1] As of June 2017, the standby arrangements total 1,442,300 SDR while the …
Lawmakers in El Salvador rush new bitcoin reform after IMF deal
Jan 30, 2025 · Lawmakers in El Salvador rush new bitcoin reform after IMF deal. By Reuters. January 30, 2025 1:33 AM UTC Updated ago. Item 1 of 5 A woman passes by the Bitcoin Monument after bitcoin soared above ...
IMF says recent El Salvador mission was 'very productive'
Oct 13, 2023 · The International Monetary Fund's engagement with El Salvador has been "very productive" following a recent visit from a negotiating team, but an agreement is "not there yet" for a new...
El Salvador Sees IMF Agreement for About $1.4 Billion Next Month — El ...
Nov 22, 2024 · El Salvador has a high chance of striking a staff-level agreement with the International Monetary Fund next month for about $1.4 billion, people familiar with the negotiations said.
El Salvador Backs Away From Its Bitcoin Experiment - Gizmodo
6 days ago · The ousting of Bitcoin from El Salvador has been on the IMF’s radar for a long time. “There are large risks associated with using Bitcoin as legal tender, especially given the high volatility ...
El Salvador amends bitcoin law following IMF loan deal
Feb 3, 2025 · El Salvador's Congress has passed a bill introduced by President Nayib Bukele to reform the country's Bitcoin law, in line with an agreement with the International Monetary Fund (IMF), reported ...
El Salvador Reaches Loan Deal With IMF - Bloomberg
Dec 18, 2024 · El Salvador reached a deal with the International Monetary Fund after four years of negotiations that were strained by the country’s adoption of Bitcoin as a legal tender. The Central American...
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