This week the Argentine Government will face the payment of 1,400 million dollars to the International Monetary Fund (IMF)based on the expiration schedule established in the current program that refinanced the loan of 45,000 million of dollars materialized during the administration of Mauricio Macri.
This Some 692 million dollars are due on Monday, while another 710 million dollars must be paid on Wednesdaywhich must be settled before the completion of the fourth review corresponding to the last quarter of 2022, which will end next March
The Argentine government met the goals for the last quarter of the year with the IMF, according to analyst estimates, thanks to the implementation of the so-called “soybean dollar II”, adjustments in fiscal accounts and the policy of curbing direct financing from the Central Bank to the Treasury.
This will enable the multilateral organization to trigger in March a new disbursement for Argentina for US$ 5,000 million. The fourth revision of the program that the IMF maintains with Argentina will be developed in February at a technical level, and it is expected that the revision will be approved in March.
The IMF disbursements are made so that Argentina can face the expiration dates of the program that this management inherited from the Macri administration, which for the current year there are payment commitments for some US$ 19,850 million. According to the payment schedule, with the expiration of Monday, Argentina would have faced a total of US$ 2,650 million in January.
Based on the goals agreed with the IMF, Argentina had to end 2022 with a net accumulation in reserves of at least US$ 5,000 million, a figure that was finally exceeded and that, based on private estimates, “will not require a waiver” ( sorry) to pass the exam.
