PANews reported on December 9 that according to the Financial Times, El Salvador is planning to adjust its Bitcoin policy in exchange for a $1.3 billion loan from the International Monetary Fund (IMF). According to the draft agreement, El Salvador will cancel the mandatory requirement for companies to accept Bitcoin payments and instead accept it voluntarily, while promising to reduce the fiscal deficit by 3.5 percentage points within three years by cutting spending and raising taxes. In addition, El Salvador will pass an anti-corruption bill and increase foreign exchange reserves to $15 billion.

If the IMF's negotiations with El Salvador are successful, the country will secure an additional $2 billion in loans from the World Bank and the Inter-American Development Bank, and help El Salvador reintegrate into the international financial market. Although President Bukele has been controversial for promoting Bitcoin policies, El Salvador's bond prices have risen sharply recently, and its risk premium has dropped from 3,500 basis points in July 2022 to 398 basis points recently.

Bukele's government is seeking to promote national development through economic recovery and foreign investment, while continuing to promote its signature Bitcoin policy. Although many Salvadorans still prefer to use the US dollar, Bukele said the country's Bitcoin reserves have increased in value to more than $600 million, an increase of 127%, and described it as "El Salvador's first Bitcoin piggy bank."