IMF approves $4 billion payment for Argentina

Country passes first IMF review, but reserves have declined in recent weeks

The Central Bank of Argentina
The Central Bank of Argentina
Photo: Javier Pierini

The International Monetary Fund’s executive board approved $4 billion in funding for Argentina on June 24. The disbursement is the second instalment of a $45 billion package approved in March, following a payment of more than $9.6 billion when the loan was first confirmed.

The fund said Argentina “met all end-March 2022 and continuous performance criteria”. Kristalina Georgieva, IMF managing director, noted that Argentina had complied with fund requirements despite shocks generated by the

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