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What will be the primary use of IMF loan funds by El Salvador by June 30, 2025?
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Resolution / Starting Odds
Debt repayment • 25%
Infrastructure projects • 25%
Social programs • 25%
Other • 25%
El Salvador government budget reports or official statements
Story
El Salvador Agrees to Voluntary Bitcoin Acceptance for $1.3B IMF Deal
Dec 9, 2024, 12:35 PM
El Salvador is set to scale back its pioneering use of Bitcoin as legal tender in order to secure a $1.3 billion loan from the International Monetary Fund (IMF). The country expects to finalize the deal within the next two to three weeks by agreeing to make Bitcoin acceptance voluntary for businesses, instead of mandatory. This move is part of the conditions set by the IMF to unlock additional international lending for El Salvador.
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Internal Revenue • 25%
Foreign Aid • 25%
Debt Issuance • 25%
Other • 25%
Increased GDP growth • 25%
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No significant impact • 25%
Reducing public debt • 25%
Increasing foreign investment • 25%
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Infrastructure Development • 25%
Education and Healthcare • 25%
Debt Repayment • 25%
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Increased GDP growth • 25%
Reduced inflation • 25%
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