\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t The Argentine government reached a staff-level agreement with the International Monetary Fund (IMF) on Wednesday. If approved by the lender\u2019s board, it would allow access to about US$1 billion.<\/p>\n
The same day, Economy Minister Luis Caputo arrived in Washington D.C. to attend the IMF Spring Meetings and meet with the lender\u2019s head, Kristalina Georgieva.<\/p>\n
It is the second review of the US$20 billion loan the Javier Milei\u2019s administration struck with the lender last year, which piles up with a previous US$45 billion debt the country took in 2018 during Mauricio Macri\u2019s government.<\/p>\n
The fund\u2019s statement celebrated some of Milei\u2019s measures, such as the labor reform, trade agreements and a legislation allowing corporates \u201cto repatriate dividends for the first time in six years.\u201d<\/p>\n
\u201cReform momentum has significantly strengthened in recent months,\u201d said the communiqu\u00e9.<\/p>\n
\u201cThe administration has secured congressional approval of the 2026 Budget and critical legislation aimed at formalizing holdings of financial assets by residents, enhancing labor market flexibility, ratifying critical trade agreements, and unlocking investments in mining,\u201d it added.<\/p>\n
More highlights The fund also highlighted the Central Bank\u2019s purchases of U.S. dollars which, it said, exceeded US$5.5 billion so far this year.<\/p>\n
\u201cArgentina continues to weather well spillovers from the Middle East war, given ongoing improvements in its fundamentals and status as a net energy exporter,\u201d the statement said.<\/p>\n
The fund said Argentina is refinancing its U.S. dollar debt by issuing dollar-denominated domestic-law debt and selling state-owned assets, as well as getting central bank repos and external loans, potentially backed by international financial institutions.<\/p>\n
It added that the strategy is to get the country back to international capital markets \u201cover time.\u201d<\/p>\n
The statement said that the country made \u201csignificant progress\u201d in deregulating and opening the economy, and that upcoming reforms would \u201cunlock the potential of Argentina\u2019s strategic sectors in agriculture, energy, mining, and the knowledge economy.\u201d<\/p>\n
\u201cIMF staff welcomes the strong and constructive engagement with the authorities and their continued commitment to the program, including the implementation of corrective measures to address earlier setbacks\u201d the Fund said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Argentine government reached a staff-level agreement with the International Monetary Fund (IMF) on Wednesday. If approved by the lender\u2019s board, it would allow access to about US$1 billion. The same day, Economy Minister Luis Caputo arrived in Washington D.C. to attend the IMF Spring Meetings and meet with the lender\u2019s head, Kristalina Georgieva. It […]<\/p>\n","protected":false},"author":10,"featured_media":52783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,305,81,61,3273,45,59],"tags":[96,3246,596,89,13856,174,86],"class_list":["post-52782","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economics","category-imf","category-international-relations","category-javier-milei","category-kristalina-georgieva","category-luis-caputo","category-politics","tag-economics","tag-imf","tag-international-relations","tag-javier-milei","tag-kristalina-georgieva","tag-luis-caputo","tag-politics"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/52782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=52782"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/52782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/52783"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=52782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=52782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=52782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}