Jesus, the absence of understanding of standard economics here is incredible.
El Salvador obtained $800M nearly ten years earlier, in January it’ll be time to pay it back.
Due to enormous quantities of corruption and a big violence issue, the El Salvadorian economy remains in the shitter, the govt continues to invest even more than it takes in in taxes. None of this is brand-new or the doing of the IMF.
In the in 2015 El Salvador has actually taken $150M of tax income and chose to attempt and leave this mess.
They might have invested it producing producing tasks to grow the economy ,
They might have utilized it to stamp out corruption and attempt to bring in foreign financial investment.
They might have invested it on producing green energy to sell to their next-door neighbors.
But no, they chose to YOLO it into a crypto and lost.
So now they are going to the IMF stating “Can we borrow more money please?” and the IMF is rather fairly stating “If we give you this money do you promise to invest it in growing your economy in ways proven to work and not YOLO it again?”
Yet in some way the Bitcoin community believes that’s the IMF attempting to stamp out Bitcoin.