El Salvador is maintaining its Bitcoin accumulation strategy even as it navigates a significant $1.4 billion loan agreement with the International Monetary Fund (IMF), according to Maria Luisa Hayem, the country’s economy minister.
In an interview with Bloomberg News during the Rio de Janeiro Web Summit on Tuesday, Hayem emphasized that the government remains committed to accumulating Bitcoin. “Bitcoin keeps being an important project,” she stated, highlighting both governmental and private sector efforts in this regard.
The Salvadoran government finalized the agreement with the IMF last December after an extensive four-year negotiation process. The deal includes a $1.4 billion loan, which will be distributed over a span of 40 months.
The IMF acknowledged the reduced risks associated with Bitcoin adoption, which had previously been a contentious issue during negotiations.
Upon receipt of the $1.4 billion in funding, the Salvadoran government made several commitments, including a reduction in its Bitcoin purchasing activities.
El Salvador Breaks IMF Promise, Purchases 7 BTC
Data from El Salvador’s Bitcoin Office reveals that the country has acquired 7 Bitcoin in the week leading up to April 29, amounting to over $650,000.
However, during a recent press conference, Rodrigo Valdes, the IMF’s director for the Western Hemisphere, reaffirmed that El Salvador is adhering to its commitment not to accumulate Bitcoin through the overall fiscal sector.
“The program of El Salvador is not about Bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency,” Valdes remarked.
Additionally, the Bitcoin Office has been active on social media, announcing that it continues to acquire Bitcoin.
EL SALVADOR BUYS MORE BITCOIN
El Salvador has just bought 1 BTC for our Strategic Bitcoin Reserve.
New SBR total: 6,154.18
This is the way pic.twitter.com/qXswTRfnzq
— The Bitcoin Office (@bitcoinofficesv) April 22, 2025
There is a Commitment to Accumulate Assets: Economy Minister
Minister Hayem reiterated the nation’s dedication to asset accumulation, stating that cryptocurrency remains a crucial area of focus.
“There’s a commitment of President Bukele to keep accumulating assets as a way to do precisely that,” she emphasized.
In another initiative, El Salvador’s Ministry of Education has introduced a financial literacy program aimed at schoolchildren, which will encompass Bitcoin education.
The initiative will initially be implemented in 50 public schools within the La Libertad department, as detailed in an official announcement. This region is recognized for its early and active adoption of Bitcoin.
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