IMF approves El Salvador's economic performance, granting a $120 million loan

According to News.Bitcoin.com, the International Monetary Fund (IMF) has approved El Salvador's eligibility to continue receiving loans, confirming the country's strong performance in implementing its economic reform program. Despite El Salvador's ongoing Bitcoin purchases, the IMF will still disburse the next $120 million loan. Luis Cubeddu, Deputy Director of the IMF's Western Hemisphere Department, and Ivan Torres, Head of the El Salvador Mission, stated: "Most program targets set for the first review were easily achieved, and the implementation of structural benchmarks is also progressing well."