The International Monetary Fund announced Thursday that it has reached a staff-level agreement with Argentina on the first review of its extended fund facility, potentially unlocking a $2 billion disbursement.
The agreement is part of a broader $20 billion loan package aimed at stabilizing Argentina’s struggling economy. The IMF’s executive board is expected to consider the review later this month.
Despite a challenging global environment, the IMF noted encouraging progress. “Argentina’s program has started off strongly,” the Fund said, citing falling inflation, reduced poverty, and modest economic growth. The country has also regained access to international capital markets sooner than expected.
The IMF emphasized that the agreement includes commitments to safeguard fiscal stability, rebuild reserves, and sustain the recent decline in inflation.
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