Business & Finance
28 July 2023, 7:31 pm 1 minute
Reuters was first to report that the International Monetary Fund and Argentina were planning to combine reviews on two loan agreements – a push that would allow the fund to streamline and bundle disbursements to the cash-strapped economy on its $44 billion loan program. The IMF confirmed the much-anticipated plan, which will unlock about $7.5 billion for South America’s third largest economy as it enters a crucial election with depleted reserves and a drought battered economy that is facing a painful recession.
Facing a recession and triple-digit inflation, Argentina is scheduled to have four reviews between December and September 2024 on its IMF program.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Win Types: ExclusivitySpeed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story