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IMF confirms Argentina has requested new $20-B loan program

  • The International Monetary Fund confirmed that it is in talks with Argentina about a new $20 billion loan program to support the country's economic reform program.
  • President Javier Milei's government has announced that Argentina is seeking a $20 billion loan on top of the $44 billion it already owes to the IMF.
  • Economy Minister Luis Caputo indicated that the new funds would recapitalize Argentina's central bank, aiming to boost reserves from $26.23 billion to at least $50 billion.
  • The IMF noted that progress on the loan program is advanced, and an agreement will help Argentina's economic consolidation.
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conclusion.com.ar broke the news in on Friday, March 28, 2025.
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