Catenaa, Saturday, December 21, 2024 – El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF) after agreeing to reduce its reliance on bitcoin as legal tender. The deal comes as the cryptocurrency briefly hit a record high of over $108,000 this week.  Under the agreement, businesses in El Salvador […]

Catenaa, Tuesday, December 10, 2024-El Salvador is reportedly set to amend its controversial Bitcoin law to secure a multi-billion-dollar deal with the International Monetary Fund (IMF), according to a report from the Financial Times. The agreement, expected in the coming weeks, would provide $2 billion in funding from the IMF, World Bank, and Inter-American Development […]

Catenaa, Friday, January 31, 2025 – El Salvador’s Congress passed a bill to amend the country’s Bitcoin adoption policy, shifting from mandatory to voluntary acceptance of the cryptocurrency in the private sector. The move complies with conditions set by the International Monetary Fund (IMF) as part of a $1.4 billion loan agreement. The bill, approved […]

Catenaa, Saturday, March 08, 2025-El Salvador President Nayib Bukele said the country will continue purchasing Bitcoin, despite an agreement with the International Monetary Fund to limit cryptocurrency-related activities.  Bukele took to X on Tuesday to reaffirm his commitment to Bitcoin, dismissing concerns that the IMF deal would halt acquisitions. “No, it’s not stopping,” he wrote. […]

New York, Tuesday, October 22, 2024-The International Monetary Fund (IMF) projects that global public debt will surpass $100 trillion by the end of this year, amounting to 93% of the world’s gross domestic product (GDP). This forecast signals a growing concern as major economies like the US and China continue to see rising debt levels, […]

Catenaa, Wednesday, December 25, 2024- As the global economy begins to recover from the COVID-19 pandemic, a slew of challenges looms for 2025, threatening economic stability worldwide.  In 2024, central banks eased interest rates after taming inflation, spurring record stock market highs in the US and Europe. Yet, despite these gains, voters across major democracies […]

Catenaa, Monday, January 20, 2025- The International Monetary Fund (IMF) projects global economic growth of 3.3% in 2025 and 2026, below the pre-pandemic average of 3.7%, according to its January 2025 World Economic Outlook Update. While US growth is expected to remain strong, prospects for other major economies have dimmed due to heightened policy uncertainty […]

Catenaa, Saturday, March 08, 2025-The International Monetary Fund (IMF) has mandated El Salvador to stop public sector Bitcoin purchases and phase out support for its Chivo wallet as part of a $1.4 billion loan agreement, officials confirmed.  Under the agreement, El Salvador must cease voluntary Bitcoin acquisitions using public funds and gradually withdraw financial backing […]

Catenaa, Thursday, November 21, 2024- The International Monetary Fund (IMF) has warned that Europe’s economy is set to lag further behind the US by 2029, citing aging demographics, stagnant productivity, and lackluster business investment as key hurdles.  The IMF’s latest European Economic Outlook predicts annual GDP growth of just 1.45% for the continent over the […]

London, November 28, 2023- In a landmark move, the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS) have announced a collaboration to explore the potential of tokenization in streamlining and enhancing their operations. This marks the first time these three cornerstone institutions have joined forces to venture into the […]