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El Salvador’s $1.4 Billion IMF Deal Harms its Bitcoin Adoption

  • El Salvador has reached a $1.4 billion loan arrangement with the IMF.
  • The deal aims to support El Salvador's reform agenda and boost fiscal and external sustainability.
  • As part of the agreement, El Salvador has agreed to scale back its ambitious Bitcoin policies.
  • The move is intended to address financial stability concerns and attract further international financial support.

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