Sujha Sundararajan
2025-04-30 01:51:00
cryptonews.com
El Salvador continues to stack Bitcoin despite a high-stakes $1.4 billion IMF deal, the nation’s economy minister, Maria Luisa Hayem, confirmed.
Speaking to Bloomberg News live at the Rio de Janeiro Web Summit on Tuesday, she added that Bitcoin accumulation remains a government priority.
“Bitcoin keeps being an important project,” she noted. “There is an asset accumulation that we’re seeing from the government perspective, from the private sector perspective.”
The Salvadoran government reached a deal with the International Monetary Fund (IMF), last December, after four years of negotiations. They agreed on a $1.4 billion loan program to be disbursed over 40 months.
The international financial body highlighted the reduced risks from Bitcoin adoption, which had been a major sticking point.
After receiving $1.4 billion in funding, the country made a series of pledges, including scaling back its Bitcoin buying spree.
El Salvador Breaks IMF Promise, Purchases 7 BTC
According to El Salvador’s Bitcoin Office data, the Central American nation has acquired 7 Bitcoin worth more than $650,000 in the 7 days until April 29.
However, in a recent press briefing, Rodrigo Valdes, IMF’s director of the Western Hemisphere Department, confirmed that EL Salvador “continues to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector.”
“The program of El Salvador is not about Bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency,” he said.
Further, Bitcoin Office, which oversees the coin accumulation, posted on social media last week that the purchases still continue.
EL SALVADOR BUYS MORE BITCOIN
El Salvador has just bought 1 BTC for our Strategic Bitcoin Reserve.
New SBR total: 6,154.18
This is the way
pic.twitter.com/qXswTRfnzq
— The Bitcoin Office (@bitcoinofficesv) April 22, 2025
There is a Commitment to Accumulate Assets: Economy Minister
Minister Hayem added that the nation is committed to accumulating the assets and that crypto remains a priority.
“There’s a commitment of President Bukele to keep accumulating assets as a way to do precisely that,” she added.
Additionally, in yet another strategic move, El Salvador’s Ministry of Education has announced a financial literacy program for schoolchildren, which would include Bitcoin education.
The curriculum will initially roll out across 50 public schools located in the La Libertad department, an official release noted. The coastal department is recognised as the place of early and active Bitcoin adoption.
The post El Salvador Continues Bitcoin Accumulation Despite IMF Loan Agreement: Economy Minister appeared first on Cryptonews.
Explore new destinations with ease using the Garmin Drive 52 GPS Navigator! With over 17,988 ratings and a solid 4.4/5-star rating, this GPS system has been a top choice for travelers. Over 500+ units were bought in the past month, all for only $144.99.
This 5″ GPS navigator comes with essential driver alerts, real-time travel data, and external memory storage. The simple on-screen menus and bright, easy-to-see maps make it easy to navigate wherever you are. Plus, it’s road trip-ready with The HISTORY Channel database, featuring notable historic sites and much more to enhance your journey.
Don’t miss out—get your hands on the Garmin Drive 52 today for a smoother ride ahead! Buy Now for $144.99 on Amazon!
Help Power Techcratic’s Future – Scan To Support
If Techcratic’s content and insights have helped you, consider giving back by supporting the platform with crypto. Every contribution makes a difference, whether it’s for high-quality content, server maintenance, or future updates. Techcratic is constantly evolving, and your support helps drive that progress.
As a solo operator who wears all the hats, creating content, managing the tech, and running the site, your support allows me to stay focused on delivering valuable resources. Your support keeps everything running smoothly and enables me to continue creating the content you love. I’m deeply grateful for your support, it truly means the world to me! Thank you!
|
BITCOIN
bc1qlszw7elx2qahjwvaryh0tkgg8y68enw30gpvge Scan the QR code with your crypto wallet app |
|
DOGECOIN
D64GwvvYQxFXYyan3oQCrmWfidf6T3JpBA Scan the QR code with your crypto wallet app |
|
ETHEREUM
0xe9BC980DF3d985730dA827996B43E4A62CCBAA7a Scan the QR code with your crypto wallet app |
Please read the Privacy and Security Disclaimer on how Techcratic handles your support.
Disclaimer: As an Amazon Associate, Techcratic may earn from qualifying purchases.
