El Salvador has finalized a $1.4 billion loan agreement with the International Monetary Fund (IMF) after four years of negotiations, which were complicated by the country's decision to adopt Bitcoin as legal tender. The agreement, announced on December 19, 2024, will see the funds disbursed over a 40-month period.
As part of the deal, El Salvador has committed to implementing measures aimed at reducing its debt-to-GDP ratio. This agreement marks a significant step for the Central American nation as it seeks to stabilize its economy amidst ongoing financial challenges.