IMF: El Salvador's Bitcoin Reserves Driven by Private Donations, Not Public Funds

The International Monetary Fund (IMF) stated that the growth of El Salvador's Bitcoin reserves since the initial program review has been fueled by private donations rather than public funds. This assessment was released alongside a staff-level agreement concerning the country's combined second and third program reviews. If the Executive Board approves the agreement, approximately $140 million in funding will be released to El Salvador.