International Monetary Fund: Negotiations for the sale of Chivo, El Salvador's official Bitcoin wallet, are progressing smoothly.
TL;DR
IMF reports smooth negotiations with El Salvador on selling the Chivo Bitcoin wallet, aiming for transparency and reduced risk. El Salvador's GDP is projected to grow 4% this year, with fiscal consolidation on track, but contradictions exist over Bitcoin purchases.
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According to ChainCatcher, Cryptopolitan reports that the International Monetary Fund (IMF), in its second review of El Salvador's 40-month extended funding arrangement (EFF), stated that negotiations with the government regarding the sale of the Chivo e-wallet and Bitcoin project are "progressing well," emphasizing increased transparency and reduced public sector risk.
The IMF noted that the country's GDP is projected to grow by about 4% this year, fiscal consolidation is progressing as planned, and the 2026 budget supports deficit reduction and increased social security spending. The IMF has requested the public sector to suspend voluntary BTC purchases and gradually withdraw from Chivo; official reports state that no further purchases have been made, but the El Salvador Bitcoin Office and Stacy Herbert have repeatedly claimed to be buying at a rate of "one BTC per day," increasing their holdings to 7509 BTC, creating a contradiction in their statements.