El Salvador plans to relax requirements that force local businesses to accept Bitcoin in a bid to secure more than $3 billion in loans, Golden Finance reported, citing anonymous sources. Sources say El Salvador could secure a $1.3 billion loan deal with the International Monetary Fund by shifting to a policy that would allow businesses to voluntarily accept Bitcoin. The deal will also reportedly unlock two loans, a $1 billion loan from the World Bank and another $1 billion from the Inter-American Development Bank. The Financial Times said that in order to obtain the loan from the International Monetary Fund, the country also agreed to reduce the budget deficit, pass an anti-corruption law and increase reserves.