El Salvador is expected to reach a $1.3 billion loan protocol with the IMF, canceling the requirement for businesses to accept BTC payments

2024-12-09 12:07:51

ChainCatcher message, El Salvador is expected to reach a $1.3 billion loan 01928374656574839201 with the International Monetary Fund (IMF) in the next two to three weeks. The protocol conditions include cancelling the requirement for enterprises to accept BTC payments, reducing the budget deficit by 3.5 percentage points, and increasing forex reserves to $15 billion. This is aimed at promoting El Salvador’s return to the international financial system and obtaining further loans from the World Bank and the Inter-American Development Bank in the coming years. The IMF had previously opposed El Salvador’s adoption of BTC as legal tender, emphasizing its financial stability risks.

BTC-2.01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.