IMF Extends Argentina's SRF Repayment by One Year

PRESS RELEASE - IMF Extends Argentina's SRF Repayment by One Year, 15 July.

The Executive Board of the International Monetary Fund (IMF) today approved a request from Argentina to extend by one year the repayment expectation of SDR 741 million (about US$985 million), which arises on July 17, 2002 under the Supplemental Reserve Facility (SRF).

The IMF approved financing for Argentina under the SRF as part of a stand-by credit on January 12, 2001 (see Press Release No. 01/3) to ease a short-term

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