They do not care about these statistics. All IMF is concerned about is limiting bitcoin exposure to the public. They are trying to prevent bitcoin from being officially recognized as a currency. Obviously, threatened by it. They have to protect fiat now seeing how bitcoin is a serious matter and is here to stay. This can definitely be a discouragement for other countries to adopt bitcoin in their economies as they might be targeted by United Nations organizations. What a disappointment for El Salvador. I wonder how they will navigate through this.

I know how pretentious and self serving the IMF can be, but they're not entirely wrong for sending warnings and maming sure they avoid financial risk.
Adopting bitcoin is a very great initiative,  but can we say all these improvements in the country was solely because they adopted bitcoin as legal tender or because they put better policies in place and managed the country better under this present government?
My point is, crediting bitcoin alone for this success might lead them to neglect other aspects of the country and that would be disastrous.

That being said, it was obvious that El Salvador will face many obstacles from these kind of institutions and big countries because they adopted bitcoin as legal tender. Accepting what others are fighting against means your standing against them. The IMF wants El Salvador to tighten bitcoin laws and be more controlling, lol. I mean, that's exactly what most countries want, to restrict bitcoin in a way that they have control of everything. This alone goes against what bitcoin stands against.

I do agree that the significant adoption of Bitcoin in El Salvador has yielded favorable results like the 10% increase in GDP and the arrival of tourists. And I am not  just blindly taking IMF side on this but they have some point about excessive Bitcoin adoption for public fund might pose a risk to the country's economic stability due to aspects such as handling public finances or making sure that regulatory oversight is effective. As far as I know IMF do not force El Salvador to completely abandon Bitcoin. What they would suggest instead is actually to fine tune the Bitcoin approach for better financial stability.

But it is also said that El Salvador has had its share of resilience and growth, it is thus a matter of balance between further progress with addressing the concerns of the IMF to avoid potential problems in the future. This is not simply a black and white issue, there has to be some meeting point somewhere that will benefit both crypto adoption and stability.

As of June this year, El Salvador owes the IMF 143.6 million. Every creditor will seek a means to collect its money from the debtor.  The country owns about 5,892.76 BTC and has a policy of buying one Bitcoin daily. IMF might not be comfortable with such exposure, maybe because of the volatility of Bitcoin. They want the country to cut their investment in Bitcoin and diversify funds to other areas.

But the president of El Salvador is a strong believer in Bitcoin. He sees the future profitability of the coin and wants to keep holding and adding more to the state's treasury. He has already started making bold economic reforms that will reduce the risk of investing in Bitcoin. One of them is the proposed 2025 budget deficit financial plans. The budget will be funded by internally generated revenues without loans from any organization. Nayib Bukele can achieve it because he has reduced budget deficits since he assumed office. In 2019, when he became president, the budget deficit was $1.2 billion, but last year, it stood at $338 million.

IMF is just surprised that El Salvador's economy has not nosedived as they predicted, so they are seeking other means to influence the country's Bitcoin policies. After all, how many developing countries have experienced dramatic economic growth with IMF loans?

It is certain and will happen, but the President of El Salvador is smart and has also reviewed this before making his decision. It could be the ultimate dream of the leader of El Salvador if perhaps they will pay off all their debts with the IMF or others with the help of BTC investment instruments.

I think the IMF is only talking about the economic inequality that is currently widening and trying to provide recommendations in addressing potential fiscal and financial stability issues that come from the Bitcoin initiative as I read in the news from the OP's post link.

However, one thing that is most needed now is how all countries will be able to pay off their debts from various sources including the IMF whose interest continues to accumulate over time, including El Salvador.

Regarding El Salvador's policy, the IMF has repeatedly warned El Salvador with the reason that they warned El Salvador but El Salvador as we know it has no negative impact after they made Bitcoin a legal tender even though it was not in a state that forced its citizens to use Bitcoin.
We think it is a very wise policy and until now even though I am not a native of El Salvador, they do not seem to be experiencing any problems related to the economic system.

In fact, for me personally, El Salvador's policy has begun to spread even though they have not dared to issue an official decision regarding the use of Bitcoin as a legal tender.

If Bitcoin gets to say $300K then El Salvador will have no problem repaying it's debt completely and still hold a sizable amount of bitcoins.

The only question is, if there is any OTC broker who would arrange for the cash to be delivered.

Interesting to see what will happen after he is gone, will there be a push back for BTC policies and wouldn't they go to smitherines - I hope not, because El Salvador is a real example for everybody to see, follow, and study.

Sometimes the IMF's attitude in judging something is too excessive in my opinion, including the Bitcoin issue in El Salvador.
I have opened the profile of matthew_sigel's x account and saw many tweets made about Bitcoin and crypto that are more positive.

The second and third points are true if we examine the sources spread regarding the El Salvador economy.

Indeed, the IMF continues to send statements to the president of El Salvador regarding the negative impact of using Bitcoin as a means of payment. Meanwhile, many countries in the world continue to make Bitcoin one of the innovations in the modern economic world. Bahrain, for example, reportedly that the Bahrain bank launched a Bitcoin investment product as stated by Bitcoin Archive on their x account.

For some people, ES is obviously some kind of promised land where you can pay for everything with BTC and honey and milk flow everywhere. Unfortunately, it is actually a big mirage that Bukele finances with taxpayers' money, and the reality is that BTC is used by less than 20% of the people in that country, that the main job of the state is to put people in prison, regardless of whether they are guilty or not - and that regardless of the economic situation, Bukele has to take out new loans to pay off the old ones.

The IMF has no reason to be jealous, they just need to be patient and their "services" will be in demand again - because Bitcoin does not exist to save economies that have been destroyed for decades.

For those who do not want to live in illusions -> El Salvador Events of 2023