IMF Praises El Salvador's Economic Advancements While it Continues Bitcoin Holdings:

The International Monetary Fund praised the country for the greater-than-expected growth of the economy and positive developments regarding bitcoin talks. The real GDP is expected to grow by 4% this year, and the coming year, 2026, looks quite favorable.

Despite the previous recommendation by the IMF, El Salvador continues to increase its accumulation of bitcoin, purchasing more than 1,000 units in the midst of the market downturn in November. As a result, the total accumulated amount has reached nearly 7,500 units, which is priced at approximately $660 million.

According to the IMF, current negotiations on the government's cryptocurrency wallet, Chivo, are "well advanced" and pertain to transparency, public resource protection, and crisis mitigation. Increased investor confidence and record remittances were responsible for the surprisingly swift growth of the economy.

El Salvador has remained active with IMF discussions following the agreement of a loan package worth $3.5 billion in March and plans to finalize the second review of the EFF arrangement.

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