The Worldwide Financial Fund accredited the rapid disbursement of about $138 million to El Salvador underneath the nation’s $1.4 billion financing program, regardless of some efficiency standards being missed.
The IMF’s Govt Board accomplished the second and third evaluations underneath El Salvador’s 40-month Prolonged Fund Facility (EFF) association on Thursday, it stated in a press release.
Whereas sure efficiency standards weren’t met, together with on the Bitcoin accumulation entrance, the IMF granted waivers “based mostly on sturdy corrective measures and renewed commitments.”
The company famous that El Salvador has made progress in monetary sector reforms, fiscal transparency, AML/CFT reforms and the switch of majority possession and management of the federal government Chivo Bitcoin pockets to a personal operator.
“Efforts will proceed to cut back the state’s involvement in Bitcoin-related actions, strengthen crypto‑asset regulation and governance, and improve transparency concerning public-sector crypto‑asset holdings,” the IMF stated, including: “No additional Bitcoin accumulation is envisaged past the documented donations.”
Related: El Salvador’s post-review Bitcoin accumulation used no public funds: IMF
Cointelegraph reported on Sept. 4 that El Salvador used no public assets to build up Bitcoin after the primary evaluation of its IMF financing program in June 2025, in keeping with the lender.
The IMF said paperwork provided by Salvadoran authorities verified that the buildup got here from personal donations. In keeping with the lender, the rise in El Salvador’s holdings due to this fact didn’t mirror further Bitcoin purchases financed with authorities assets.
The IMF additionally stated majority possession and operational management of the Chivo pockets had been transferred to a personal operator, whereas the federal government retained a minority stake and custodial duties.
The reason addressed how El Salvador’s holdings grew after the primary evaluation, when the nation stated in November 2025 that it had acquired 1,090 BTC worth $100 million, renewing questions on compliance with its $1.4 billion IMF program.
Magazine: Exchanges reporting crypto gains to IRS becomes tax nightmare
