Bukele continues to buy Bitcoin for El Salvador, although the IMF is not happy

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Last Updated on 6 March 2025 by CryptoTips.eu

Nayib Bukele, the president of El Salvador, got an agreement to receive his much needed loan from the IMF. When asked by the same IMF if the country can now please stop buying Bitcoin, he answered negatively though.

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IMF

The International Monetary Fund, aka Washington DC’s international bailout bank that keeps countries from going bankrupt, gave El Salvador a choice late last year: they could get that $1.4 billion loan they’ve been dying to get, but then the government of President Bukele had to change the laws around Bitcoin.

El Salvador did agree to a number of concessions, including the restriction of activities related to Bitcoin and the end of regular Bitcoin purchases, but it is clear that President Bukele is not entirely on the same wavelength as the IMF and he fully intends to continue his pro-Bitcoin policy.

In a press release last week, the IMF clarified that the Salvadoran government’s commitments “will restrict economic activities related to Bitcoin, as well as the transactions and purchases of Bitcoin by the government.”

However, president Bukele did not agree and announced on X this week that his country would simply continue to buy Bitcoins!

We are eagerly waiting for the IMF’s response.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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