The International Monetary Fund approved this Friday the first quarterly review of Argentina’s accounts and released a disbursement of 4.1 billion dollars. It is part of the commitment of the international organization after the renegotiation agreement that was signed in March of this year. The Ministry of Economy will use 65 percent of these funds to pay 2.69 billion dollars due this month to the IMF.
Previously, Argentina had already received a first part of the disbursements in March when the new debt maturity program was approved. At that time, some $9.8 billion had been turned over.
On the other hand, on June 8, the IMF reported that an agreement had been reached between the parties in the macroeconomic framework.
As reported by the same institution so far, “all the quantitative objectives of the program” planned for the first quarter of 2022 had been met.