TechFlow, May 29 — 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 continued purchases of Bitcoin, the IMF will disburse the next tranche of $120 million.
"Most of the program targets set for the first review were comfortably met, and the implementation of structural benchmarks is also progressing well," said Luis Cubeddu, Deputy Director of the IMF's Western Hemisphere Department, and Ivan Torres, El Salvador's mission chief.
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