Friday, 05 April 2024 03:50

IMF puts bitcoin as a "key element" in its negotiations with El Salvador

Written by Karla Gutiérrez

According to a report by EFE news agency, the International Monetary Fund (IMF) said thursday that addressing the risks derived from bitcoin, the official currency in El Salvador, is a "key element" of the talks it is having with the government of salvadoran President Nayib Bukele for an economic agreement.

"Addressing the risks arising from bitcoin is a key element of our discussions with the salvadoran authorities", IMF spokeswoman Julie Kozack told a press conference in Washington.

Negotiations with the salvadoran Executive are focused on implementing policies to strengthen economic governance and fiscal and external sustainability and to boost productivity growth.

The IMF and the Government of El Salvador are still negotiating the assistance agreement, which was announced by former Finance minister Alejandro Zelaya in march 2021.

Bukele assured last october that talks with the IMF for the agreement "continue" and that he hoped it would be reached "after the elections" of 2024.

The president won those elections, held last february 4, with a large majority, which will allow him to continue in the Executive until 2029.

 

Translated by: A.M