A high-ranking U.S. diplomat said she hopes El Salvador and the International Monetary Fund (IMF) will come to terms on a financing agreement following differences over the country's bitcoin law.
- Victoria Nuland, U.S. undersecretary for political affairs, met with El Salvador President Nayib Bukele on Wednesday as part of her tour of the country, Reuters reported Thursday.
- The IMF, which is an international organization that oversees global economic growth and financial stability, previously voiced concerns over El Salvador's intentions.
- IMF spokesman Gerry Rice previously said El Salvador's decision and law raise a number of macroeconomic, financial and legal issues that require "very careful analysis."
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.