Loading...
Market
What will be El Salvador's GDP growth rate in 2025?
4
Resolution / Starting Odds
Below 1% • 25%
1% to 3% • 25%
3% to 5% • 25%
Above 5% • 25%
Official economic reports from El Salvador's government or international financial institutions
Story
El Salvador to Make Bitcoin Acceptance Voluntary, Unlocking $1.3B IMF Loan and Up to $3B in Funding
Dec 9, 2024, 03:14 PM
El Salvador is set to adjust its Bitcoin laws to secure a $1.3 billion loan from the International Monetary Fund (IMF). The Central American nation plans to remove the mandatory Bitcoin acceptance requirement for businesses, making it voluntary instead. This marks a significant shift from its pioneering move in 2021 when it became the first country to adopt Bitcoin as legal tender and required businesses to accept it as payment. The adjustment comes as El Salvador aims to finalize the loan agreement with the IMF within the next two to three weeks. The IMF stipulated that Bitcoin acceptance must be optional to unlock the funding. The change could also pave the way for additional loans from international lenders such as the World Bank and the Inter-American Development Bank, potentially unlocking up to $3 billion in total. By scaling back its Bitcoin ambitions, El Salvador hopes to address these concerns and secure much-needed financial support.
View original story
Similar markets
Less than 2% • 25%
Between 2% and 4% • 25%
Between 4% and 6% • 25%
More than 6% • 25%
Growth above 5% • 25%
Growth between 2% and 5% • 25%
Growth between 0% and 2% • 25%
Economic contraction • 25%
Increase of 1% or more • 25%
Increase less than 1% • 25%
No change • 25%
Decrease • 25%
Less than 3% • 25%
3% to 5% • 25%
5% to 7% • 25%
More than 7% • 25%
Zero Deficit • 25%
Deficit less than 1% of GDP • 25%
Deficit between 1% and 3% of GDP • 25%
Deficit greater than 3% of GDP • 25%
