Two IMF officials, including the head of the mission for El Salvador, participated in a call between government officials and investors, suggesting a deal was close, Bloomberg reported. El Salvador issued $1 billion in 30-year bonds on Thursday.
Since 2021, negotiations between the IMF and El Salvador have been stalled over the country's adoption of Bitcoin as legal tender. Government officials said an agreement is expected to be reached in mid-December, but did not provide specific details of the loan plan.
An IMF spokesman confirmed plans to send staff to El Salvador in December to work on a potential deal. The Salvadoran government did not respond to a request for comment on the call.
