Market
What will be El Salvador's economic growth rate in 2025 following the IMF deal?
3
International Monetary Fund•IMF•El Salvador•Bitcoin•IMF Executive Board•Extended Fund Facility•EFF•Chivo
Resolution / Starting Odds
Growth above 5% • 25%
Growth between 2% and 5% • 25%
Growth between 0% and 2% • 25%
Economic contraction • 25%
Economic reports from the World Bank or IMF
Story
IMF Reaches $3.5 Billion Deal with El Salvador, Including $1.4 Billion Loan and Chivo Wallet Phase-Out
Dec 19, 2024, 03:41 AM
The International Monetary Fund (IMF) has reached a staff-level agreement with the government of El Salvador for a $3.5 billion financing package, following four years of negotiations influenced by the country's adoption of Bitcoin as legal tender. The agreement, which is subject to approval by the IMF Executive Board, includes a $1.4 billion initial loan as part of a broader 40-month Extended Fund Facility (EFF) arrangement aimed at supporting economic reforms. In exchange for the financial assistance, El Salvador has agreed to make the acceptance of Bitcoin voluntary for private sector businesses and to limit public sector involvement in Bitcoin-related activities. The government will also phase out its Chivo wallet, which was designed to facilitate Bitcoin transactions. This marks a significant shift in El Salvador's approach to Bitcoin, as the country had previously positioned it as an official currency.
View original story
Similar markets
Decrease • 25%
No change • 25%
Increase of 1% or more • 25%
Increase less than 1% • 25%
Above 5% • 25%
Below 1% • 25%
1% to 3% • 25%
3% to 5% • 25%
Increased GDP growth • 25%
Reduced inflation • 25%
Debt reduction • 25%
No significant impact • 25%
Uncertain outcome • 25%
Decreased lending • 25%
Increased lending • 25%
No change • 25%
Loan secured without Bitcoin policy change • 25%
Negotiations ongoing • 25%
Loan not secured • 25%
Loan secured with Bitcoin policy change • 25%
More than 7% • 25%
Less than 3% • 25%
3% to 5% • 25%
5% to 7% • 25%
No significant impact • 25%
Increased GDP growth • 25%
Reduced inflation • 25%
Improved fiscal balance • 25%
Partial improvement • 25%
Deterioration • 25%
No significant change • 25%
Successful fiscal health improvement • 25%
Finance • 25%
Tourism • 25%
Agriculture • 25%
Technology • 25%