The International Monetary Fund (IMF) and Argentine authorities reached a staff-level agreement on the first review of the program under the Extended Fund Facility (EFF) arrangement.
This progress opens the possibility of unlocking around US$2 billion (equivalent to SDR 1.529 billion), subject to approval by the IMF Executive Board.
Positive balance despite complex external context
The official memorandum highlights that the program started at a good pace, despite facing a challenging international environment.
Argentina managed to maintain disinflation, continue economic growth, reduce poverty, and reenter international capital markets earlier than expected.
