News with the tag "imf"

The IMF reached a staff-level consensus on El Salvador’s performance in meeting the conditions required to receive a new disbursement. Regarding bitcoin, efforts will be made to ensure that the total amount of the cryptocurrency owned remains unchanged. El Salvador Overcomes IMF Review With a ‘Stron...

El Salvador and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review of the country’s 40-month Extended Fund Facility (EFF) arrangement. The agreement is pending approval by the IMF’s Executive Board and is dependent on the implementation of agreed-upon cond...

The International Monetary Fund (IMF) announced on May 27 that it has reached a preliminary agreement to disburse $120 million to El Salvador as part of a larger $1.4 billion loan deal established in December 2023. The payout is contingent on the country fulfilling a set of conditions, particularly ...

El Salvador has purchased eight additional Bitcoins despite warnings from the IMF. The IMF recently restricted the nation from adding more crypto to its reserves as part of a loan deal. Arkham Intelligence revealed the country had reached nearly 6,200 BTC worth over $674 million. According to Arkham...

El Salvador is once again facing international scrutiny for its continued embrace of Bitcoin. On Tuesday, the International Monetary Fund said it had reached a staff-level agreement with the Salvadoran government as part of the first review of a $1.4b extended loan program. While praising the countr...

The International Monetary Fund (IMF) stated on Tuesday that "efforts will continue" to make sure that the total amount of bitcoin BTC held by El Salvador's government does not change. Back in March, El Salvador reached an agreement with the IMF to receive a $3.5 billion loan package. Some of the co...

India is set to push the Financial Action Task Force (FATF), a global financial crime watchdog, to add arch-rival Pakistan back to its “grey list” and oppose upcoming World Bank funding to Islamabad. The neighbors with nuclear weapons have fought the worst war in almost 30 years this month before ag...

Donald Trump has muscled his massive budget bill through the House of Representatives — and it took just one single vote to get it done. The legislation, which aims to extend expiring tax cuts and pour billions into border security, passed after weeks of infighting among Republicans. Trump, from the...

A senior International Monetary Fund (IMF) official warned the United States of its ballooning fiscal deficit. According to the US Treasury fiscal data website, the country has accumulated a $36.8 trillion national debt, and the federal debt to GDP ratio currently stands at 122%. Gita Gopinath, the ...

Treasury Secretary Scott Bessent on April 28 put the responsibility for reaching a trade agreement on China. He argued China should be liable because it sells five times more to the U.S. than the U.S. sells to them, making their tariffs unsustainable. Bessent’s remarks came amid global tensions over...