United States Treasury Secretary Scott Bessent has called for a major strategic shift within the International Monetary Fund (IMF) and World Bank, signalling potential changes to the global financial system amid mounting economic pressure and currency volatility. Speaking at the Institute of International Finance (IIF) on April 23, Bessent urged ...
According to Reuters reports, El Salvador's Congress has swiftly approved reforms after President Nayib Bukele submitted them, aligning the country's Bitcoin policies with the conditions of its $1.4 billion loan agreement with the IMF. El Salvador, which had previously been excluded from traditional financial markets due to its high debt ...
El Salvador has reached a $1.4 billion financing agreement with the International Monetary Fund (IMF) under a 40-month Extended Fund Facility. The deal, aimed at addressing the country's balance of payment challenges and advancing its reform agenda, comes with a significant condition: scaling back its Bitcoin-related activities within the public ...
The International Monetary Fund (IMF) is in talks with the El Salvadoran government to support local policies that will address the country's macroeconomic imbalances and enhance its medium-term growth prospects and resilience. According to a recent statement from the Fund, a mission led by Raphael Espinoza has been engaged in ...
On Thursday, September 7, 2023, the Financial Stability Board (FSB) and the International Monetary Fund (IMF) jointly published a comprehensive paper outlining policy and regulatory frameworks for crypto assets. Alongside these frameworks, the two key players in the global financial sector presented a roadmap for the implementation of these policies. ...
The International Monetary Fund (IMF) recently published a report that highlighted a more optimistic view of the economic prospects of the Central African Republic (CAR) and linked it to the country's adoption of Bitcoin (BTC) and the potential impact of embracing cryptocurrency. According to the report, the country is forecasted ...
