IMF boosts support for Argentina to $56.3bn

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The executive board of the International Monetary Fund gave the green light to increase its ongoing programme with Argentina on October 26, following months of higher market turbulence.

The three-year standby arrangement approved in June has been boosted to $56.3 billion, up from $50 billion, making it the largest programme in the IMF’s history. The fund also completed the first review of the programme, which allows national authorities to draw $5.7 billion.

Total transfers since June amount

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