In keeping with an IMF employees assertion launched on December 22, 2025, El Salvador has made measurable progress on its reform program and is seeing sooner financial development than earlier anticipated.
The IMF stated discussions on the second assessment of the nation’s 40-month Prolonged Fund Facility program are ongoing as authorities work to fulfill agreed benchmarks. Development forecasts had been revised upward, and the fund signaled continued monetary help tied to additional coverage steps.
IMF Notes Sooner Development
Stories be aware that development is working above earlier forecasts. The IMF now sees actual GDP development close to 4% for 2025. Native information present the economic system expanded 5.1% within the third quarter of 2025 in contrast with the identical quarter a yr earlier, led by building and remittance-driven consumption.
Remittances and stronger funding flows had been cited as key drivers. The fund stated increased confidence and improved fiscal numbers have helped create house for short-term rebuilding of reserves.
Progressively, then abruptly. https://t.co/MWP0avqlDE pic.twitter.com/hYYONaRLcI
— Nayib Bukele (@nayibbukele) December 22, 2025
A Program Backed By Clear Situations
Based mostly on IMF releases, a staff-level settlement was reached with El Salvador in December 2024 for a program value about $1.4 billion. That association units fiscal targets and governance measures meant to revive sustainability.
Earlier, when the IMF accomplished the primary assessment and Article IV session in June 2025, a disbursement equal to roughly $118 million in SDRs was authorised. Stories added that authorities have enacted a brand new fiscal legislation, strengthened public procurement transparency, and superior governance measures for state corporations.
Key Reforms And Situations
An actuarial research on pensions has been printed, and steps to tighten anti-money-laundering guidelines had been mentioned with IMF employees. The fund has additionally pressed for limits on public sector publicity to cryptocurrencies; in response to worldwide protection, measures to cut back that publicity and to make non-public crypto use voluntary are into consideration.
What Comes Subsequent For The Program
In keeping with IMF briefings, the second assessment would require follow-through on prior actions and the assembly of fiscal targets. Continued disbursements depend upon progress, and IMF groups stay involved with Salvadoran authorities to work via excellent points.
In parallel, the IMF has reiterated its place on El Salvador’s Bitcoin coverage. In keeping with current IMF statements, the fund desires the nation’s public sector Bitcoin holdings to stay capped, with no extra purchases made below the present mortgage program.
The IMF has additionally pushed for a lowered state function in crypto-related actions, together with adjustments tied to the Chivo pockets, arguing that limits are wanted to comprise fiscal and monetary dangers. Salvadoran officers have stated Bitcoin stays a part of their technique, although IMF paperwork present no confirmed improve in government-held Bitcoin since early 2025.
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