El Salvador

IMF Executive Board Concerned about El Salvador’s Chivo E-Wallet

The Executive Board of the International Monetary Fund (IMF) on January 24, concluded the Article IV consultation with El Salvador. The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a

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El Salvador Plans World’s First ‘Bitcoin City’ Funded by US$1 Billion ‘Bitcoin Bond’

El Salvador’s President Nayib Bukele announced plans to build a world’s first “Bitcoin City” situated near a volcano that will be funded by the cryptocurrency according to Reuters. Bukele seems to be doubling down on his crypto push as El

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