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IMF board approves review for Argentina to unlock $800 million

By Thomson Reuters Jun 13, 2024 | 5:45 PM

WASHINGTON (Reuters) – The International Monetary Fund board on Thursday approved a review for Argentina that allowed for the disbursement of $800 million, the IMF said in a statement.

The program remains firmly on track, the IMF said, adding that sustaining the progress will require improving the quality of fiscal adjustment, taking steps towards enhanced monetary and foreign exchange policy framework, and implementing reforms for growth.

The IMF said its executive board had completed the eighth review of Argentina’s $44 billion extended fund facility arrangement.

(Reporting by Kanishka Singh in Washington; editing by Diane Craft)