“Is Chivo for sale? The relationship between the International Monetary Fund (IMF) and El Salvador raises questions, and one wonders what the international institutions are up to. The IMF continues to try to impose its terms on President Nayib Bukele, who does not seem inclined to have national policy dictated to him. However, an agreement appears to have been reached last May to sell Bitcoin wallet Chivo, an operation that […]”, — write: businessua.com.ua
Is Chivo for sale? The relationship between the International Monetary Fund (IMF) and El Salvador raises questions, and one wonders what the international institutions are up to. The IMF continues to try to impose its conditions on President Nayib Bukele, who seems reluctant before dictating national policy to him . However, an agreement appears to have been reached last May to sell the Chivo bitcoin wallet, a transaction that the IMF said was “advanced”. We sum up latest developments in this game of bluffing.
Key points of this article:
- The International Monetary Fund said talks on the sale of the Chivo stake portfolio to El Salvador have advanced.
- El Salvador has been accused of defaulting on its obligations to the IMF, including continuing to buy bitcoins despite the terms of a $1.4 billion loan.
Is El Salvador in default? The current situation in Salvador connected with the original financial confrontation with the IMF. An international institution is reportedly trying use your position as a creditor, to impose their decisions on the president Nayibu Bukele .
This situation led to the conclusion of the agreement for 1.4 billion dollars in May last year as part of a loan intended to support the country’s economy. And what was the main condition? For the government to stop buying bitcoins.
“The $1.4 billion loan agreement, approved by the IMF’s Executive Board in May 2025, is based on several key measures, including the authorities’ commitment to stop buying bitcoins.”
International Monetary Fund – Source: Press release
President Bukele clearly did not perform of this obligation. In March of last year, he announced a “1 BTC per day” strategy, which should operate “ until further notice “. And even if the numbers don’t seem to reflect it, Salvador still managed to buy 1090 BTC last month!
IMF announces new talks on El Salvador case – Source: Account X
Will the Chivo Bitcoin wallet be on sale soon? According to this agreement Salvador also had to stop using your Chivo wallet . It was an official solution designed by the government to allow the population to govern their own digital reserves USD and BTC.
This decision is in line with the IMF’s desire to limit use Bitcoin as a national currency. Because there are talks about “limitation” its use by the public sector, with “voluntary” adoption for the private sector. Good news, it already was.
In any case, the IMF just released an official statement on the matter. It states that sales process portfolio of Chivo “much advanced” .
“Discussions on the Bitcoin project continue, and negotiations for the sale of the government’s e-wallet Chivo are well advanced.”
International Monetary Fund – Source: Press release
Will Salvador finally part ways with his Chivo wallet? Will the presidency (finally) fulfill the demands of the IMF? These are important questions because this decision significantly lowers the fees charged for Bitcoin transactions. We will have to wait for the details of this operation to find out if the IMF has just won another round against Nayib Bukele or if this just another bluff of the Washington establishment.
Please wait…