IMF and Argentina reach preliminary agreement on new programme

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Photo: Flickr/freeimage4life

Argentina’s government and the International Monetary Fund reached a staff-level agreement on March 3 to allow the repayment of the large Stand-By arrangement both parties agreed to in 2018.

This agreement will need to be first debated and approved by the Argentinian congress, and later on by the IMF’s executive board. If agreed by both parties, the 30-month Extended Fund Facility (EFF). will make $45 billion available, equal to 1,000% of Argentina’s IMF financing quota.

Argentina’s finance

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