The International Monetary Fund authorized the prompt release of approximately $138 million to El Salvador via the nation’s $1.4 billion lending arrangement, even though certain performance targets were missed.
The Executive Board of the IMF finished the second and third evaluations of El Salvador’s 40-month Extended Fund Facility (EFF) agreement on Thursday, according to an official press release.
Although specific performance benchmarks fell short, such as targets connected to Bitcoin accumulation, the IMF issued waivers “grounded in robust corrective steps and renewed pledges.”
The institution highlighted that advancements had been made regarding financial sector updates, budgetary openness, AML/CFT modifications, and handing over the majority stake and management of the official Chivo Bitcoin wallet to an independent commercial entity.
“Work will persist to diminish state participation in Bitcoin-centric operations, bolster cryptocurrency oversight and leadership, and boost clarity concerning government cryptocurrency reserves,” the IMF stated, appending: “No additional Bitcoin accumulation is planned past the recorded contributions.”
Related: El Salvador’s post-review Bitcoin accumulation used no public funds: IMF
Cointelegraph reported on September 4 that El Salvador utilized zero state funds to build up its Bitcoin reserves following the initial evaluation of its IMF financial package in June 2025, per the lending organization.
The IMF stated that paperwork provided by Salvadoran officials confirmed the reserve growth stemmed from private gifts. Based on the lender’s findings, the rise in El Salvador’s portfolio consequently did not indicate extra Bitcoin acquisitions paid for by state funds.
The IMF additionally mentioned that majority equity and administrative command of the Chivo application had been handed over to a commercial manager, whereas the administration kept a minority interest alongside safekeeping duties.
This clarification cleared up how El Salvador’s assets expanded subsequent to the initial assessment, when the nation disclosed in November 2025 that it had secured 1,090 BTC valued at $100 million, which reignited debates regarding adherence to its $1.4 billion IMF package.
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Originally published at https://cointelegraph.com/news/el-salvador-receives-138-million-from-imf-after-bitcoin-waivers-granted?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
