IMF Approves Loan for El Salvador Amid Economic Reforms

According to Foresight News, the International Monetary Fund (IMF) has approved El Salvador's eligibility to continue receiving loans, acknowledging the country's strong performance in implementing its economic reform program. Despite El Salvador's ongoing Bitcoin purchases, the IMF will proceed with the disbursement of the next $120 million loan. Luis Cubeddu, Deputy Director of the IMF's Western Hemisphere Department, and Ivan Torres, Head of the El Salvador Mission, stated that most of the targets set for the first review were easily achieved, and the implementation of structural benchmarks is progressing well.