IMF Greenlights $4.7 Billion for Argentina Amid Milei's Reforms
TL;DR Summary
The IMF has approved the disbursement of $4.7 billion to Argentina as part of its $44 billion program, despite missed targets due to policy setbacks. The program has been extended through Dec. 31, 2024, with modifications to planned disbursements. The IMF praised Argentina's new government for taking bold actions to restore macroeconomic stability, following a recent devaluation and exchange rate realignment. The approval brings disbursements within the program to $40.6 billion, with the IMF slashing its 2024 GDP forecast for Argentina to a 2.8% contraction.
- IMF board authorises $4.7 billion for Argentina after Milei's reforms FRANCE 24 English
- Milei Wins IMF Approval for $4.7 Billion Argentina Disbursement Bloomberg
- IMF backs Milei's reforms, says risks to Argentina's $44 bln loan program remain Reuters Canada
- IMF hints at Argentina lifting exchange restrictions as it disburses US$4.7 billion Buenos Aires Herald
- IMF approves $4.7 billion for Argentina, praises bold action DW (English)
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