El Salvador Secures IMF Loan
This is a El Salvador news story, published by CoinGape, that relates primarily to Nayib Bukele's news.
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International Monetary FundCoinGape
•Is El Salvador Scaling Back Its Bitcoin Ambitions With IMF Deal?
74% Informative
El Salvador has reached a deal with the International Monetary Fund for a $1.4 billion loan.
The deal involves measures to improve the country’s debt-to-GDP ratio and fiscal balance.
The Latin American nation has agreed to make the use of Bitcoin voluntary for the private sector.
Nayib Bukele's government will gradually unwind its involvement in the Chivo crypto wallet, launched in 2021 .
VR Score
66
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62
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13
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formal
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English
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57
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3
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