The spokesperson for the International Monetary Fund (IMF), Gerry Rice, stated that the IMF is providing technical support to El Salvador in the compilation of statistics about the use of Bitcoin (BTC).
“It is part of the discussions that are ongoing, including the progress of the authorities in the collection of statistics on the use of Bitcoin and other information related to the adoption of Bitcoin as legal tender in El Salvador,” Gerry noted at the press conference.
According to a local news report, IMF officials insist that El Salvador boost its anti-money laundering efforts, and be more accountable for the use of public funds.
In January, IMF advised El Salvador to strip down Bitcoin from legal tender and considered it to be a major obstacle to getting a loan from the institution. IMF staff and Salvadoran authorities continue to discuss the major problems that the IMF Executive Board highlighted in January.
El Salvador is seeking an agreement with the IMF in order to obtain a $1.3 billion loan that would help it organize its finances at a time when its country is struggling to manage them.
El Salvador president Nayib Bukele’s latest purchase was another 500 BTC amid the market dip on May 10th. Until now the nation has purchased 2,301 BTC in total.
