Got surprised about that rejection? IMF strongly discourage EL Salvador to invest on Bitcoin, their resistance and following what they like to happen ends up receiving that decision.
Surprised by the approval of the loan, not being rejected. Of course, I am not 100% sure that Bitcoin accumulation is purely from the private sector. Then another condition is that the IMF also seems not to be firm with what they say. I have not found any statement from the IMF to El Salvador that there must be action taken or that there are consequences if violated. What I understand is that the IMF only expects, and it is possible that El Salvador can continue to accumulate. Initially, I did not hear any reasons for rejection regarding the use of public funds to buy Bitcoin as a reason for loan rejection, and today an argument regarding purchases from the private sector has emerged. This is good news for them, the funds can be used to support development in vital sectors of the country.