IMF approves $1bn disbursement to Argentina
Board releases funds following agreement in April
The International Monetary Fund has approved a $1 billion disbursement to Argentina following the competition of the second review of its $20 billion loan programme to the country.
In a statement on May 21, the institution said: “Reform momentum has strengthened with approval of key fiscal, trade and labour legislation and refinements to the monetary and [foreign exchange] framework, contributing to a build-up in reserve buffers and improving Argentina’s capacity to manage shocks.”
The IMF’s
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