Results for: IMF Loan

El Salvador purchased 11 Bitcoins for its reserves, despite recent IMF loan conditions recommending against it. This adds to their existing Bitcoin holdings, currently valued at approximately $581 million, representing an unrealized profit of over $307 million. The purchase was made amidst a market downturn. While the government continues to promote Bitcoin adoption, its use remains low amongst the Salvadoran population.

Pakistan’s opposition leader, Maulana Fazlur Rehman, has harshly criticized the state of the nation, accusing it of being controlled by external forces and of selling out democracy. He questioned the responsibility for the country’s current struggles and expressed dismay over the unrepresentative nature of government formation in Pakistan.