The International Monetary Fund (IMF) previously confirmed that El Salvador is committed to its pledge to stop the accumulation of Bitcoin within its public sector.

However, on-chain data reveals a different reality as the Central American country continues to quietly increase its Bitcoin reserves.
Accumulation of Bitcoin continues in El Salvador despite claims of International Monetary Fund policy
At a press conference on April 26, Rodrigo Valdes, Director of the Western Hemisphere Department at the International Monetary Fund, stated that El Salvador is committed to the agreed-upon policy of not accumulating Bitcoin.
"Regarding El Salvador, let me say that I can confirm they continue to adhere to their pledge not to accumulate Bitcoin by the public financial sector as a whole, which is the performance standard we have," stated Valdes.
Vildis also highlighted El Salvador's ongoing efforts in government reforms and transparency, describing them as strong and encouraging steps forward.
"The Salvadoran program is not about Bitcoin. It is much deeper in structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. And also, on the financial side. The authorities have made a lot of progress in implementing the reform," he continued.
Apart from BTC, Valdis emphasized that financial reforms are another priority for El Salvador. These measures could unlock access to up to $3.5 billion in financial aid, boosting investments in the private sector and supporting sustainable economic growth.
El Salvador's efforts are linked to its agreement in December 2024 with the International Monetary Fund to obtain a loan of $1.4 billion. As part of the deal, the financial regulator requested the government to review its policies regarding Bitcoin.