IMF approves disbursement of 7,500 million dollars for Argentina | News

Argentine authorities reported on Wednesday the approval of the disbursement of 7.5 billion dollars by the International Monetary Fund (IMF), as part of the agreements between the country and the international organization.

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Argentine government reaches new agreement with the IMF

"The IMF Executive Board has completed today the fifth and sixth reviews within the framework of the Expanded Facility Facility (EFF) agreement for Argentina, which allows an immediate disbursement of US$7.5 billion," he said, for his part. , the IMF.

After confirming this reimbursement during his visit to the United States, the candidate for Unión de la Patria met with the head of the organization, Kristalina Giorgieva.

Similarly, Massa met with US officials, including US Assistant National Security Adviser for International Economics Mike Pyle and Latin America adviser Juan González.

Meanwhile, the Página 12 platform stated that of the 3,400 million dollars in international reserves, added to the 1,700 million already accumulated so far in August (until this Monday) for currency purchases from the Central Bank in the market, they would give to the monetary authority an important intervention capacity to achieve the stabilization of the financial dollars.

"In Washington, (USA) we advance with the World Bank and the Inter-American Development Bank in the financing that will allow us to carry out key development works, reinforce the food agenda and strengthen our SMEs", confirmed the current Minister of Economy Argentine and presidential candidate, Sergio Massa.

On the other hand, Massa indicated that in the same way, contracts were signed "for the development of our country, such as the second Corrientes-Chaco bridge, the expansion of the capacity of the Salto Grande Dam and the pre-financing of export companies of Knowledge Economy ”.

On July 28, the Argentine government had signed an agreement with the International Monetary Fund (IMF), with which it would receive some 7,500 million (dollars) in disbursements in August and another in November.