ðð¹ ðŠð®ð¹ðð®ð±ðŒð¿ ððŒ ð¹ð¶ðºð¶ð ð¯ð¶ðð°ðŒð¶ð» ð®ð°ðð¶ðð¶ðð¶ð²ð ð³ðŒð¿ $1.4 ð¯ð¶ð¹ð¹ð¶ðŒð» ð±ð²ð®ð¹ ðð¶ððµ ðð ð
El Salvador and the International Monetary Fund have reached an agreement for the country to limit domestic bitcoin-related activities in exchange for a financing package.
The IMFâs Extended Fund Facility, which is expected to extend over the course of 40 months, includes a $1.4 billion loan to back El Salvadorâs reform agenda and address the countryâs balance of payment needs.
With additional financial support expected from the World Bank, the Inter-American Development Bank, and other regional development banks, the total financing package is expected to be worth over $3.5 billion, the IMFÂ said.
âRecognizing El Salvadorâs pending macroeconomic and structural challenges, the IMF-supported program aims to strengthen fiscal and external stability and help create the conditions for stronger and more inclusive growth,â IMF wrote in its announcement.