BUENOS AIRES (Reuters) – The International Monetary Fund said on Tuesday it reached a staff-level agreement with Argentina on a 48-month extended fund facility totaling $20 billion.
The IMF said the agreement, which is subject to approval by its executive board, “builds on the authorities’ impressive early progress in stabilizing the economy, underpinned by a strong fiscal anchor, that is delivering rapid disinflation and a recovery in activity and social indicators.”
(Reporting by Walter Bianchi; Writing by Aida Pelaez-Fernandez; Editing by Anthony Esposito)
Comments