From Nasdaq:

El Salvador is pursuing an IMF deal to secure external financing for economic growth, thanks to insights from Bank of America economist. President Nayib Bukele’s initiatives have boosted GDP to $35 billion and dropped unemployment to 5%, with significantly reduced crime rates.
However, the country faces a debt-to-GDP ratio over 70%, an issue that confronts its quest for an IMF agreement. Despite rallying bonds, El Salvador cannot garner significant resources for development.
While President Nayib Bukele has secured a second term and a near supermajority in the Legislative Assembly, El Salvador needs an IMF program to draw foreign investors closer.
The challenge is that the IMF opposes Bitcoin’s legal tender status, putting President Nayib Bukele in a dire position: choose the IMF’s support or uphold the Bitcoin standard.



Read more: El Salvador At Crossroads: IMF Deal Hinges On Bitcoin Rejection — Will Bukele Forgo His Dream?