The International Monetary Fund (IMF) has lowered its growth forecast for the global economy this year to 2.8% from 3.3%, saying that trade tariffs are “a major negative shock.” Among individual countries, the IMF slashed its 2025 growth projection for China’s economy to 4% this year, down from a projection of 4.6% … Read more
The IMF said Tuesday it now believed China’s economy will only grow by four percent this year, well below Beijing’s official target as it fights a mounting trade war with the United States that threatens to hammer the global economy. China and the United States — the world’s two largest economies — are engaged in … Read more
The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump’s tariff rollout, the head of the International Monetary Fund said Thursday. The stop-start US tariff plans have fueled levels of market volatility unseen since the Covid-19 pandemic, and most economists expect the imposition of new import … Read more
The IMF said to slow down. El Salvador said no. President Bukele’s government just added five more Bitcoins to its treasury, pushing its reserves past 6,111 BTC — defying the very institution that loaned it $1.4 billion just months ago. What’s driving this bold stance? El Salvador defies IMF El Salvador isn’t backing down on … Read more
El Salvador acquired 13 Bitcoin (BTC) since March 1, despite International Monetary Fund (IMF) pressure on the country’s public sector to stop accumulating the decentralized store of value asset. According to the El Salvador Bitcoin Office, the country’s Bitcoin treasury holds a total of over 6,105 BTC, valued at more than $527 million at current … Read more
Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF). El Salvador struck a $1.4 billion loan deal with the IMF in January on the condition that it walk back Bitcoin (BTC) adoption and … Read more
Nayib Bukele, the president of El Salvador, is not changing his mind on his Bitcoin approach. He said he will continue to buy Bitcoin, despite the opposition of some sectors–the International Monetary Fund included. Bukele stated that purchases will continue even though the IMF, as part of a $1.4 billion funding deal, urged the nation … Read more
El Salvador’s President Nayib Bukele has doubled down on his pro-Bitcoin stance while simultaneously pushing back against the International Monetary Fund (IMF) despite a recent loan agreement that included terms to curtail the country’s BTC-related activities. In a strongly worded post on X, Bukele dismissed the notion that El Salvador would halt its Bitcoin acquisitions … Read more
El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily … Read more
El Salvador has increased its Bitcoin reserves, purchasing an additional 1 BTC and bringing its total holdings to 6,101.18 BTC, valued at approximately $527 million. This latest acquisition reinforces President Nayib Bukele‘s ommitment to strengthening the country’s Bitcoin strategy. El Salvador’s National Bitcoin Office confirmed the purchase on March 4 in a post on X. … Read more