Argentina reaches provisional agreement with IMF

Fund may continue loan despite non-compliance and ease reserve targets

Central Bank of Argentina
Central Bank of Argentina
Banco Central de la República Argentina

The International Monetary Fund reached a preliminary agreement with Argentina’s government to carry on disbursing tranches of its March 2022 loan.

The draft deal would see the IMF continuing to tolerate Argentina’s failure to meet loan conditions, and may ease one key condition further.

The IMF’s 30-month funding package, worth almost $43 billion at current rates, is meant in part to roll over an even larger IMF loan from 2018. That loan programme ended in 2020 after the Argentine government

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