INSUBCONTINENT EXCLUSIVE:
The International Monetary Fund (IMF) approved a funding of US$7.5 billion for Argentina, as announced by an Argentine Ministry of Economy
refinancing agreement with the institution.On the same day as the announcement, Argentine Economy Minister Sergio Massa was set to meet with
IMF Managing Director.Following the latest disbursement, the cumulative amount extended to Argentina stands at US$36 billion.Argentina
anticipates another tranche of US$2.75 billion post the next review scheduled for November, as revealed by Massa in a press briefing after
his meeting with Georgieva.Kristalina Georgieva
year and early this year and deviations from committed policies.The IMF Board approved certain exemptions and adjusted targets, including
reserve accumulation and fiscal goals.Argentina has committed to implementing new economic measures to maintain stability and achieve
loans Argentina secured from Qatar, China, and the Latin American Development Bank.With a debt of US$45 billion to the IMF, taken during
adherence to agreed economic policies.
