No one says it out loud, but I think there's an implicit understanding that these "loans" are actually gifts. They'll never be paid back in full and terns will never be enforced. If I'm Bukele, I just nod, smile, agree to the IMF terms, take the fiat "loan," invest in Bitcoin, and then do what I want. He's an intelligent guy. He knows how to play the game.

#bitcoin #gametheory