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IMF board approves review for Argentina to unlock $800 million

Summary by CGTN
The International Monetary Fund board on Thursday approved a review for Argentina that allowed for the disbursement of $800 million, the IMF said in a statement.

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Madrid. The International Monetary Fund (IMF) approved a new disbursement for Argentina valued at $800 million on Thursday after completing the eighth review of the agreement under the Extended Fund Facility (EFF) for the country, which will be used to support the Argentine government's efforts to combat inflation and achieve economic recovery. "This disbursement will support the authorities' efforts to restore stability and strengthen Argentina…

Milei's austerity program to get galloping inflation under control seems to be having an effect. There is now money for this from the International Monetary Fund.

·Frankfurt, Germany
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  • 45% of the sources lean Left
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Bloomberg broke the news in United States on Thursday, June 13, 2024.
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