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El Salvador Secures IMF Deal, Retains Bitcoin Holdings Amid Fiscal Changes

  • El Salvador has reached a staff-level agreement with the IMF on the first review of its Extended Fund Facility arrangement.
  • The agreement is subject to approval by the IMF's Executive Board and hinges on meeting agreed-upon conditions.
  • El Salvador has made progress in fiscal reforms and governance, meeting key targets under the IMF-supported program.
  • Despite concerns about El Salvador's Bitcoin strategy, efforts continue to ensure government does not increase BTC holdings.

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