The Board of the International Monetary Fund (IMF) approved the second review of the agreement with Argentina, after evaluating the country’s compliance with the goals set to refinance the debt of 44,500 million dollars contracted by the management of Mauricio Macri.
The approval is the product of the policies applied in recent months and the negotiations that the economic team led by Minister Sergio Massa carried out during his last tour of the United States.
The deal is subject to approval by the IMF’s Executive Board, which is expected to meet in the coming weeks.
Once the review is complete, Argentina would have access to around US$ 3.9 billion (SDR 3 billion),” the agency said.
Through a statement, the IMF valued “the recent and decisive policy measures aimed at correcting previous setbacks” and noted that these “are helping to restore confidence and strengthen macroeconomic stability, including by rebuilding international reserves.”
In addition, the IMF statement highlighted that the latest review of the agreement evaluated the progress of the first review and updated it in the current macroeconomic framework.
On this basis, it was analyzed “to reach agreements on a package of solid policies to continue strengthening macroeconomic stability and ensure sustained and inclusive growth” of the country.