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HomeEconomyIMF strikes financing deal with Argentina, freeing up to $6 billion

IMF strikes financing deal with Argentina, freeing up to $6 billion

BUENOS AIRES (Reuters) – The International Monetary Fund (IMF) said on Friday it had reached an agreement with Argentine authorities on a third review under its extended fund The South American country received about $6 billion in funding.

The IMF said in a statement that the staff-level agreement remains to be approved by its executive board, which is expected to meet this month.

The fund said the country was conducting prudent macroeconomic management and making efforts to mobilize external financing.

It said these actions were supporting macroeconomic stability: “Fiscal order is being restored, inflation is moderating, trade balances are improving and reserve coverage is strengthening,” it added.

2022 and the remainder of 2023 and emphasize that as domestic and international circumstances become Even more challenging, the importance of “continuing to implement policy decisively”.

Latin America’s third-largest economy signed an agreement with the International Monetary Fund in March to refinance 44 billion in debt, which Targets are set around the country’s central bank reserves and fiscal deficit financing.



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