The International Monetary Fund has reached a staff-level agreement with El Salvador, potentially unlocking $140 million in funding. The agreement was secured after the IMF accepted documentation showing that El Salvador's sovereign Bitcoin reserve growth since June 2025 was funded entirely by private donations rather than public money. However, the IMF has not publicly disclosed the identities of these donors, raising transparency concerns. Additionally, El Salvador has privatized its state-backed Chivo wallet, transferring majority control to an unnamed private operator.
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