El Salvador’s latest Bitcoin accumulation was funded by private donations, not public money, the IMF said Thursday after reviewing documentation provided by the Salvadoran government. The IMF also said no further Bitcoin accumulation beyond those documented donations is expected.
The finding comes alongside a staff-level agreement on the combined second and third reviews of El Salvador’s 40-month Extended Fund Facility arrangement, which could release around $140 million following approval by the IMF Executive Board.
The IMF said the country’s economy has outperformed expectations and is projected to grow 4.5% in 2026, supported by investment, private consumption, remittances, tourism and capital inflows.
Under the IMF’s EFF, approved in February 2025, El Salvador received an initial $113 million disbursement and a further $118 million after its first review in June 2025.
The $1.4 billion IMF agreement requires El Salvador to halt new Bitcoin purchases and mining by public entities, with a zero ceiling imposed under the program.
