[IMF Approves $139 Million Allocation to El Salvador, Grants Waiver for Previous Bitcoin Accumulation Limit Violation] BlockBeats News, October 2, according to Reuters, the International Monetary Fund (IMF) has approved a $139 million allocation to El Salvador, granting a waiver for the country's previous violation of conditions restricting further Bitcoin accumulation. The IMF Executive Board completed the second and third reviews of El Salvador's $1.4 billion Extended Fund Facility (EFF), allowing the immediate disbursement of these funds. The IMF stated that El Salvador's economic performance has exceeded expectations, benefiting from improved security conditions and increased investor confidence. However, the IMF noted that certain program performance criteria were not met, including indicators related to Bitcoin holdings. After El Salvador implemented strong corrective measures and renewed its commitments, the IMF approved the related waiver. In September, IMF staff indicated that documents provided by El Salvador showed that the Bitcoin acquired after the initial review came from private donations rather than public funds. The IMF also noted progress in anti-money laundering measures, fiscal transparency, and the transfer of majority ownership and control of the state-run digital wallet Chivo to private operators. [Original Link]