pascalito on Nostr: El Salvador is showing the world in real time that it doesn’t need the IMF. The ...
El Salvador is showing the world in real time that it doesn’t need the IMF.
The turnaround achieved over the past years is nothing short of spectacular:
📉 In 2019, the government budget had a $1.2 billion deficit
👍 For 2025, President Bukele announced a debt-free government budget
💸 In addition, the country offered to repurchase all its open debt notes
Adopting Bitcoin as a treasury reserve asset was a key element of El Salvador’s success story. Yet, the IMF is pushing El Salvador to limit “public sector exposure to bitcoin” and curb its Bitcoin law - wonder why… 🤔
https://lnkd.in/eBhZpXs2
https://lnkd.in/erz4EGBm?
https://lnkd.in/eVwqzeRJ
The turnaround achieved over the past years is nothing short of spectacular:
📉 In 2019, the government budget had a $1.2 billion deficit
👍 For 2025, President Bukele announced a debt-free government budget
💸 In addition, the country offered to repurchase all its open debt notes
Adopting Bitcoin as a treasury reserve asset was a key element of El Salvador’s success story. Yet, the IMF is pushing El Salvador to limit “public sector exposure to bitcoin” and curb its Bitcoin law - wonder why… 🤔
https://lnkd.in/eBhZpXs2
https://lnkd.in/erz4EGBm?
https://lnkd.in/eVwqzeRJ