El Salvador receives $138 million from IMF after Bitcoin waivers granted
The International Monetary Fund approved the immediate disbursement of about $138 million to El Salvador under the countrys $1.4 billion financing program, despite some performance criteria being missed. The IMF‘s Executive Board completed the second and third reviews under El Salvador’s 40-month Extended Fund Facility (EFF) arrangement on Thursday, it said in a press release. While certain performance criteria were not met, including on the Bitcoin accumulation front, the IMF granted waivers “based on strong corrective measures and renewed commitments.” The agency noted that El Salvador has made progress in financial sector reforms, fiscal transparency, AML/CFT reforms and the transfer of majority ownership and control of the government Chivo Bitcoin wallet to a private operator. “Efforts will continue to reduce the states involvement in Bitcoin-related activities, strengthen crypto‑asset regulation and governance, and enhance transparency regarding public-sector crypto‑asset holdings,” the IMF said, adding: “No further Bitcoin accumulation is envisaged beyond the documented donations.” Related: El Salvadors post-review Bitcoin accumulation used no public funds: IMF Cointelegraph reported on Sept. 4 that El Salvador used no public resources to accumulate Bitcoin after the first review of its IMF financing program in June 2025, according to the lender. The IMF said documents supplied by Salvadoran authorities verified that the accumulation came









