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MercoPress, en Español

Montevideo, November 22nd 2024 - 00:14 UTC

Tag: Executive Board

  • Saturday, April 6th 2019 - 09:33 UTC

    IMF releases US$10.8 billion to Argentina and insists on fiscal prudence

    Argentina's policies that underlie the IMF arrangement are bearing fruit. The high fiscal and current account deficits are falling, said Ms Lagarde

    The Executive Board of the International Monetary Fund (IMF) completed on Friday the third review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018. The completion of the review allows the authorities to draw the equivalent of SDR 7.8 billion (about US$10.8 billion), bringing total purchases since June 2018 to SDR 28.01371 billion (about US$38.9 billion).