El Salvador and the International Monetary Fund (IMF) have finally reached an agreement! After four years of difficult negotiations, this small country known for Bitcoin has reached a $1.4 billion loan agreement with the IMF, set to be disbursed in installments over the next 40 months. 💰
To secure this loan, El Salvador has committed to taking measures to improve its fiscal balance and work towards reducing the debt-to-GDP ratio. The IMF has positively evaluated the country's efforts to improve finances, develop the economy, reduce inflation, and manage short-term debt. 📈
This cooperation marks a new step for El Salvador on the international financial stage, and future developments are worth looking forward to. 🌍