The International Monetary Fund (IMF) confirmed that it will send a technical mission to Buenos Aires at the end of June to conduct the first review of the new agreement for USD 20 billion signed with Argentina under the Extended Fund Facility (EFF). The information was announced by Julie Kozack, spokesperson for the organization, during her regular press conference.
The official highlighted that the organization welcomes the latest measures adopted by the Argentine Government to accumulate reserves and consolidate macroeconomic stability. "Despite the more complex environment, the authorities have continued to make remarkable and impressive progress," Kozack stated.
Technical assessment and program targets
The review aims to assess compliance with the agreed targets and discuss the structural reform agenda promoted by Javier Milei's administration. According to the spokesperson, the IMF team works frequently and constructively with local authorities to monitor the progress of the economic plan.
"The IMF will send a technical mission to Buenos Aires at the end of June to assess the progress of the program's targets and objectives," Kozack reiterated, referring to the four-year agreement approved on April 11, which included an initial disbursement of USD 12 billion.
Measures highlighted by the IMF
The international organization especially valued the decisions adopted by the Central Bank and the Ministry of Finance in recent weeks, including the completion of a new Repo with international banks for up to USD 2 billion, the removal of restrictions for foreign investors, and the possibility of subscribing to peso-denominated bonds with dollars, provided they have a maturity of more than one year.
