US EditionArgentina Reaches IMF Staff Deal, Opening Door to $1 Billion in Fresh Funds
The third planned tranche would lift total IMF funding to Argentina to $15 billion, pending approval by the Fund's Executive Board.
- 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.
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30 Articles
Watauga Democrat
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.
Washington, 15 Apr (EFE).- The International Monetary Fund (IMF) and the Argentine authorities announced on Wednesday that they had reached an agreement linked to the second revision of the Extended Facilities program (EFF), which allows the South American country to access a new credit injection of about $1 billion. With this amount, there are already about $15 billion to which Buenos Aires has access within the 48-month financing program agree…
The International Monetary Fund confirmed the approval of the revision of the current agreement with Argentina, a step that activates a US$1 billion disbursement for the country. The official communication was given after the arrival of Luis Caputo to Washington, where he participates in the Spring Assembly of the organization. The decision implies that the agency has already given the technical approval to the progress of the economic program. …
The IMF gave the go-ahead and released the $1 billion disbursement; details of the official text
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