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 ...

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 …

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.

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 ...

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 government has …

Jan 31, 2025 · IMF Deal Drives El Salvador’s Bitcoin Law Rollback. The law change follows El Salvador’s agreement with the IMF, which set conditions for the country to access a $1.4 billion credit facility. The funds will be used for critical payments and to …

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.

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...

Aug 28, 2024 · One concern noted in the latest IMF Staff Statement (Aug. 6, 2024) and Consultation (Feb. 10, 2023) is the need for El Salvador to ‘improve governance and transparency,’ particularly in the arenas of ‘protecting judicial independence’ and ‘ensuring impartial access to the court system.’

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...