EconomyLens.com
No Result
View All Result
Thursday, September 18, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

IMF gives draft approval to Argentina payout of almost $800 mn

David Peterson by David Peterson
May 13, 2024
in Economy
Reading Time: 4 mins read
A A
0
36
SHARES
446
VIEWS
Share on FacebookShare on Twitter

The IMF has reached a staff-level agreement with Argentina that is set to unlock almost $800 million. ©AFP

Washington (AFP) – IMF staff have reached an agreement with Argentina on a loan program review that should unlock almost $800 million in much-needed funds for the Latin American country, the Washington-based financial institution said Monday.

Related

IMF proposes US Treasury official as second-in-command

Costs of Russian, Chinese cyberattacks on German firms on rise: report

Bank of England holds rate as inflation stays high

Canada central bank cuts key lending rate citing Trump tariffs

US Treasury official expected to be named IMF’s second-in-command: source

The announcement will likely be well-received by Argentina’s libertarian president, Javier Milei, who was elected on a pledge to tackle a dire economic situation where annual inflation has hit an annual rate of 290 percent, growth is contracting, and poverty rates have surged.

Milei’s economic reform program has been praised by many international institutions — including the International Monetary Fund — while Argentine labor unions have called a number of strikes since his election to voice their opposition to the austerity plans.

Argentina has made “faster-than-anticipated progress in restoring macroeconomic stability and bringing the program firmly back on track,” IMF officials said in a statement Monday confirming the completion of the Fund’s eighth review of a $44 billion loan agreement with Argentina.

“Notable results include the first quarterly fiscal surplus in 16 years, rapidly falling inflation, a turnaround in international reserves, and sovereign spreads near multi-year lows,” it added.

An IMF spokesperson confirmed to AFP that the staff-level agreement means Argentina is on track to receive a payout of roughly $792 million, subject to approval by the Fund’s executive board.

Alongside economic progress, the Argentine authorities have also “made significant efforts to scale up social support for vulnerable young mothers and children and protect the purchasing power of pensions,” the IMF staff said.

“Progress continues in broadening the political and societal support for these efforts and in tackling vested interests,” it added.

© 2024 AFP

Tags: Argentinaeconomic reformIMF
Share14Tweet9Share3Pin3Send
Previous Post

Anglo American rejects BHP’s improved takeover bid

Next Post

Global share markets put brake on ahead of inflation data

David Peterson

David Peterson

Related Posts

Economy

AI may boost global trade value by nearly 40%: WTO

September 17, 2025
Economy

EU says India’s Russian oil purchases, military drills hinder closer ties

September 17, 2025
Economy

US Fed set for first rate cut of 2025 as Trump pressure looms

September 17, 2025
Economy

Lower shipments to US, China weigh on Singapore August exports

September 17, 2025
Economy

US retail sales beat expectations in August despite tariffs

September 16, 2025
Economy

New round of US-China trade talks kicks off in Madrid

September 16, 2025
Next Post

Global share markets put brake on ahead of inflation data

ChatGPT-maker OpenAI releases latest free model GPT-4o

GameStop shares soar as 'Roaring Kitty' returns

Melinda Gates to leave Gates Foundation, keeps $12.5bn for her work

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

New Picasso portrait unveiled at Paris auction house

September 18, 2025

Costs of Russian, Chinese cyberattacks on German firms on rise: report

September 18, 2025

Stock markets rise after Nvidia’s Intel deal, Fed rate cut

September 18, 2025

Trump, Starmer sign tech deal to seal ‘unbreakable bond’

September 18, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.