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El Salvador At Crossroads: IMF Deal Hinges On Bitcoin Rejection — Will Bukele Forgo His Dream?

Published by
Benzinga

Unlocking necessary funding to grow its economy might cost El Salvador and President Nayib Bukele the abandonment of Bitcoin (CRYPTO: BTC). According to Bank of America economist Alex Muller, El Salvador is in pursuit of a deal with the International Monetary Fund (IMF), which can provide the little Central American country the ability to secure much-needed external financing from global investors. Muller’s recent visit to El Salvador revealed a government increasingly inclined to engage in fruitful negotiations with international partners, particularly the IMF, seen as a linchpin for the coun…

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