How does that even make sense? BTC improved El Salvadors financial situation, right?
Jasonmun8 on
Give it another 4 years and the IMF might be asking El Salvador for a loan
halfchemhalfbio on
Only if you think the IMF loan is a good thing…it is literally a slave contract funding corrupt officials in the back of average citizens.
coinfeeds-bot on
tldr; The IMF is hesitant to issue new loans to El Salvador due to concerns over the country’s adoption of Bitcoin as legal tender. IMF Communications Director Julie Kozack emphasized that addressing Bitcoin-related risks is crucial in ongoing loan negotiations. El Salvador’s credibility with the IMF is vital for refinancing its debts, but the IMF remains skeptical of Bitcoin’s volatility and its role in national finances. Despite some progress, El Salvador has not fully met the IMF’s requirements in discussions led by President Nayib Bukele.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
partymsl on
Just straight up blackmailing by the IMF.
An organization of criminals.
mikegoblin on
IMF loan sharks want servants
chukelemon on
Why do they need loans? I thought bitcoin was going to make them the richest country on earth?
7 Comments
How does that even make sense? BTC improved El Salvadors financial situation, right?
Give it another 4 years and the IMF might be asking El Salvador for a loan
Only if you think the IMF loan is a good thing…it is literally a slave contract funding corrupt officials in the back of average citizens.
tldr; The IMF is hesitant to issue new loans to El Salvador due to concerns over the country’s adoption of Bitcoin as legal tender. IMF Communications Director Julie Kozack emphasized that addressing Bitcoin-related risks is crucial in ongoing loan negotiations. El Salvador’s credibility with the IMF is vital for refinancing its debts, but the IMF remains skeptical of Bitcoin’s volatility and its role in national finances. Despite some progress, El Salvador has not fully met the IMF’s requirements in discussions led by President Nayib Bukele.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Just straight up blackmailing by the IMF.
An organization of criminals.
IMF loan sharks want servants
Why do they need loans? I thought bitcoin was going to make them the richest country on earth?