Overview
- An IMF staff statement on Dec. 23 said negotiations to privatize or wind down the government-run Chivo wallet are well advanced within the program review.
- The review seeks a staff-level agreement that ties further financing to stronger transparency, protection of public resources, and mitigation of Bitcoin-related risks.
- Authorities report progress on financial-sector reforms, including stronger bank resolution tools, Basel III liquidity standards, and updated AML/CFT rules, alongside improving fiscal metrics.
- El Salvador continues daily Bitcoin purchases despite IMF pressure to limit public exposure, with holdings near 7,500 BTC and a purchase of roughly 1,100 BTC in November.
- The IMF projects real GDP growth around 4% for 2025 and says close engagement will continue as decisions on Chivo and broader policy commitments are finalized.