IMF states "better-than-expected first-quarter performance in Argentina"
IMF staff, Argentina agree loan review to help unlock $800 million
By Reuters, May 14, 20244:00 AM GMT+10Updated 11 hours ago
May 13 (Reuters) - Staff of the International Monetary Fund (IMF) and Argentine authorities have reached an agreement on the eighth review of the country's $44 billion extended fund facility arrangement, as reforms under President Javier Milei have improved macroeconomic stability, the IMF said on Monday. The IMF said the decision, which will unlock a disbursement of close to $800 million if it gets the final sign-off from the fund's board of directors, followed better-than-expected first-quarter performance in Argentina.
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