IMF says El Salvador to make ‘efforts’ to stop Bitcoin buys with $120M payments deal

The International Monetary Fund said it has reached an agreement with El Salvador to pay the country $120 million following an initial review of its $1.4 billion loan agreement struck last year. The IMF said on May 27 that as part of the deal, El Salvador …

El Salvador Defies IMF Again With Fresh Bitcoin Purchase Following Loan Review

In brief El Salvador added eight more Bitcoin to its reserve despite IMF warnings An IMF agreement struck on Tuesday included provisions to curb crypto holdings It also wants El Salvador to wind down its involvement in a state-run crypto wallet El Salvador …

IMF Says El Salvador Met Most Targets As Part Of $1.4 Billion Funding Program, But Wants To 'Ensure' Country's Bitcoin ...

The International Monetary Fund said Tuesday that it will “ensure” El Salvador does not increase its Bitcoin BTC/USD stockpile, which conflicts with the Central American nation’s state policy. What Happened: The IMF’s announcement came as part of its  …

El Salvador Continues Buying More Bitcoin, Defying IMF Loan Arrangement

The IMF agreed to release $120 million to El Salvador with the condition that its Bitcoin holdings must remain unchanged. The Salvadoran government continued to defy the financial institution’s warning as it recently disclosed buying 8 BTC to increase its …

IMF to limit El Salvador’s bitcoin expansion

Maryland congressman denied prison visit in El Salvador, vows continued efforts

Maryland Congressman Glenn Ivey's recent trip to El Salvador was met with frustration after he was denied access to visit Kilmar Abrego Garcia in prison. Despite having traveled over 3,200 miles, Ivey was informed upon arrival that he needed to return …

Feds charge Long Branch man from El Salvador with possession of guns

A Salvadoran man last living in Long Branch has been arrested and charged with possessing firearms as an undocumented alien and detained, federal authorities said.. Jose Manuel Menjivar Viera, 35, was initially arrested by Long Branch police following a …

El Salvador Approves 12% Minimum Wage Increase Starting June 1.

The Government of El Salvador has officially announced a 12% increase in the national minimum wage, effective June 1, 2025. The adjustment was unanimously approved by the National Minimum Wage Council (CNSM) and applies to the maquila, industrial, …

CABEI Approves $215 Million to Boost Infrastructure and Tourism in El Salvador.

El Salvador has secured a new $215 million financing package from the Central American Bank for Economic Integration (CABEI), reinforcing its national development goals through strategic investments in road infrastructure and tourism. The funds will be …

El Salvador Advances Nuclear Energy Plans with Support from International Atomic Energy Agency.

El Salvador has taken a significant step toward diversifying its energy matrix with the official launch of the first Site Design and External Events (SEED) Mission, carried out in coordination with the International Atomic Energy Agency (IAEA). This effort …