“El Salvador fulfills commitment not to accumulate more bitcoin of the fiscal sector”
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The comment generates confusion in the community for Bitcoin’s purchases that El Salvador maintains.
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The Central American country maintains its policy of buying 1 BTC per day.
El Salvador is respecting its commitment to the International Monetary Fund (IMF) of not accumulating more Bitcoin (BTC) in its fiscal sector. This was reported by Rodrigo Valdés, director of the Western Hemisphere of the Agency during a press conference at the agency’s spring meetings held on Tuesday, April 22.
“I can confirm that they continue to fulfill their commitment not to accumulate Bitcoin by the general fiscal sector, which is the performance criteria we have,” said Valdés when consulted on the subject.
The agreement between El Salvador and the IMF, approved in February 2025 and in execution since March, contemplates financial support for 1.4 billion dollars (USD) that will be distributed over 40 months. The technical negotiations culminated in December 2024.
The official also stressed that The country’s plan does not revolve around the digital currency only. “El Salvador’s program is not about Bitcoin, but about much deeper structural reforms in terms of governance and transparency,” he said.
As part of the ongoing commitments, tax adjustment measures such as the reduction of salary mass in the public sector and legal reforms are included, including changes in the Bitcoin Law.
What implies that El Salvador does not accumulate Bitcoin “at a fiscal level”?
The comments of the IMF official generated some confusion, since they take place while El Salvador continues to accumulate Bitcoin. However, according to the agency’s demands, these investments do not come from public money raised from the fiscal sector.
In fact, according to the IMF, “Bitcoin government purchases will be prohibited during the program” and “there will be no voluntary accumulation of Bitcoins by the public sector in the context of the program.”
The impossibility established by the IMF to El Salvador to accumulate Bitcoin from the fiscal sector does not move away, in any case, the country to continue buying the asset through other financing routes. This remains firm with its policy of acquiring 1 BTC per day.
According to the Bitcoin National Office (ONBTC) created by President Nayib Bukele, El Salvador already has 6,160 BTCvalued at USD 580 million at the current market price. Bitcoin is now quoted at around USD 94,000.
In this sense, Bitcoin’s growth strategic reserve of El Salvador does not complicate its commitments to the IMF To receive your financial support.
