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.