IMF approves US$20 billion for Argentina in new agreement
The Executive Board of the International Monetary Fund (IMF) has approved a 48-month extended arrangement under the Extended Fund Facility (EFF) for Argentina amounting to SDR 15.267 billion (equivalent to about US$20 billion, or 479 percent of quota). The Executive Board’s decision allows the authorities an immediate disbursement of SDR 9.2 billion, equivalent to about […]