IMF approves El Salvador's economic performance and receives US$120 million in loan
Online reports, News.Bitcoin.com reports that the International Monetary Fund (IMF) has approved El Salvador to be eligible to continue receiving loans, confirming the country's strong performance in implementing its economic reform plan. Although El Salvador continues to buy Bitcoin, the IMF will issue its next $120 million loan. Luis Cubeddu, deputy director of the IMF's Western Hemisphere division, and Ivan Torres, mission leader for El Salvador, said: "Most of the project goals set for the first review were easily achieved and the implementation of structural benchmarks is progressing well. "
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