IMF and El Salvador Hold 'Productive' Talks But No Deal Reached Yet on Financing Program

IMF says recent mission to El Salvador was "very productive" but agreement not reached yet on financing program.

Important structural reforms still needed; no timeframe set for next meeting or program size.

IMF remains unsupportive of bitcoin as legal tender in El Salvador.

Fiscal reforms and governance support seen as opportunity for El Salvador to make needed changes.

IMF in talks with El Salvador on technical issues and minimizing bitcoin risks since its adoption.