IMF confirms El Salvador has not used public funds for Bitcoin purchases since June 2025 and approves $140M in additional funding under its EFF program.
Regulation & Gov ·
IMF staff and El Salvador have reached agreement on the combined second and third reviews of the country's Extended Fund Facility program, contingent on Executive Board approval and completion of prior actions. The arrangement would unlock approximately $140 million in additional funding. The agreement follows IMF verification that El Salvador has not deployed public funds for Bitcoin purchases since its first EFF review on June 27, 2025, with documentation confirming all Bitcoin holdings accumulated since that date derive from private donations.
The IMF's statement addresses longstanding scrutiny of El Salvador's cryptocurrency strategy, which became a focal point in previous fund negotiations. The confirmation that no public resources have been allocated to Bitcoin since mid-2025, combined with an expectation of no further accumulation beyond documented private contributions, appears designed to satisfy a key IMF condition for continued disbursements under the program.
The funding remains subject to formal Executive Board sign-off and fulfillment of agreed prior actions, neither of which has yet occurred. The specific composition and timing of those conditions remain undisclosed.