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Argentina reaches IMF staff deal, opening door to $1 billion in fresh funds
- On Wednesday, the International Monetary Fund reached a staff-level agreement with Argentina, unlocking a $1 billion disbursement contingent on Executive Board approval.
- The $20 billion, 48-month plan marks Argentina's 23rd collaboration with the Washington-based IMF, designed to manage an earlier $44 billion agreement under President Javier Milei's government.
- IMF officials noted that "policy momentum has strengthened in recent months," citing improved monetary policies "improving Argentina's capacity to manage shocks."
- Economy Minister Luis Caputo praised the deal as vital for macroeconomic stability, noting it aims to "entrench the impressive stabilization gains and sustained reductions in poverty levels since end-2023."
- While inflation is expected to slow to 30.4 percent this year, The Fund anticipates lower growth of 3.5 percent alongside persistent 7.5 percent unemployment concerns.
57 Articles
57 Articles
IMF Staff Clears Argentina’s Second Review in $1 Billion Disbursement
Key Points — IMF staff and Argentine authorities reached a staff-level agreement on Wednesday April 15 approving the second review of Argentina’s 48-month Extended Fund Facility, clearing the way for a disbursement of approximately US$1 billion pending Executive Board ratification in the coming weeks. — The IMF projects Argentina’s net international reserves will rise by […] The post IMF Staff Clears Argentina’s Second Review in $1 Billion Disbu…
Most Argentines are dissatisfied with the progress of the economy, but at the headquarters of the International Monetary Fund (IMF), in Washington, its top officials...
The International Monetary Fund (IMF) and the Government of Javier Milei concluded an agreement this Wednesday in the framework of the second revision of the extended facilities program in force. Argentina will receive a new contribution of resources, this time of about 1 billion dollars. With this disbursement, the South American country will have received about 15,000 of the 20 billion agreed in April last year. Argentina is the largest debtor…
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IMF and Argentina agree deal unlocking $1 bn in assistance
The International Monetary Fund (IMF) said Wednesday it had reached an agreement with the highly indebted Argentine government as it reviews the country's financial reforms, paving the way for a $1 billion dollar disbursement.
Argentina reaches IMF staff deal, opening door to $1 billion in fresh funds
Argentina reached a staff-level agreement with the International Monetary Fund on the second review of its $20 billion program, the IMF said on Wednesday, unlocking a $1 billion disbursement, subject to approval by its Executive Board.
Argentina Secures $1 Billion IMF Disbursement Amid Economic Reforms
Argentina has reached an agreement with the IMF on the second review of its $20 billion program, unlocking a $1 billion disbursement. This comes after significant political reform support and improvements in monetary policy. Legislative victories have further bolstered financial reforms under President Milei's leadership.
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