The issuance of the "Volcano Bonds", according to the Central Government, is to finance the Bitcoin City project, announced by President Bukele in november 2021 during the closing of an event held in the country.

According to the Treasury holder, the institution has to comply with all the regulations for issuing securities for a sovereign bond, in addition they have to perform the verification of the cash flows of the buyers of the bonds, to ensure that it is a legal activity.

Currently, the Central Government is also negotiating with the International Monetary Fund for a US$1 billion loan, but so far there has been no agreement on the disbursement.

In addition, the International Monetary Fund (IMF), considers that the use of Bitcoin as legal tender implies "great risks" due to its high volatility, so it suggests "limiting the scope of the law" and "urges" to strengthen the regulation and supervision of the payment system.

Likewise, in a November 2021 report, the multilateral organization warned the country about the possible growth of public debt exceeding 95% of the Gross Domestic Product (GDP).