AGP Executive Report
Last update: 3 hours agoIMF & Bitcoin Finance: The IMF says El Salvador’s Bitcoin reserve growth since June 2025 came from private donations, not public money, clearing the way for a potential $140M disbursement after the second and third reviews—pending IMF Executive Board approval. Policy Compliance: The Fund also notes El Salvador has largely wound down public participation in the Chivo wallet, with majority ownership and operational control shifted to a private operator, and expects no further accumulation beyond documented donations. Political Pushback: President Nayib Bukele hit back at Spanish outlet El País over claims about transferring strategic Bitcoin holdings to a private operator, saying the move involved Chivo shares, not the country’s actual crypto reserves. Climate & Trade Shock: Separately, the Panama Canal began reducing daily ship transits from 36 to 32 due to El Niño-linked drought, with Central America—including El Salvador—declaring emergencies, a reminder of how weather can quickly ripple into regional logistics.
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