Key facts
- The IMF approved a $139 million disbursement to El Salvador.
- The IMF urged El Salvador to scale back its Bitcoin project.
The International Monetary Fund (IMF) has approved a $139 million disbursement to El Salvador. Despite this financial support, the IMF continues to express concerns and urge the country to reduce its involvement with Bitcoin. The organization has previously highlighted risks associated with El Salvador's adoption of Bitcoin as legal tender, including potential threats to financial stability and consumer protection.