The Executive Board of the International Monetary Fund (IMF) approved the first review of the Extended Facilities Agreement with Argentina, which enabled an immediate disbursement of around US$4,010 million. According to the agency, all ongoing performance criteria by the end of March 2022 and indicative targets were met.

In this sense, the Minister of Economy, Martín Guzmán, assured on Twitter: “We continue to implement macroeconomic policies to strengthen growth with job creation and stability.”

The decision of the Executive Board allows an immediate disbursement of SDR 3,000 million (about US$ 4,010 million) and marks the conclusion of an “important initial step” within the program, the organization highlighted.

Argentina’s 30-month agreement, with access to SDR 31.914 billion (equivalent to US$44 billion), was approved on March 25.

Source: Telam, NA