But aren't they gradually replacing those IMF loans with bitcoin bonds
I don't believe so? The new bonds, if they ever launch, will be half for I cannot for the life of me understand why someone would buy a fiat denominated bond that gives a random government the ability to buy bitcoin And infrastructure for the new city, if that ever gets built. It's only 1 billion, they have 24B in traditional debt. It seems like a way to scam bitcoin and crypto people into 'supporting the cause'.