INSUBCONTINENT EXCLUSIVE:
announcement marks the first official confirmation of the deal size after months of negotiations between the IMF and President Javier
The $20 billion figure appears in line with recent expectations.Bloomberg reported as early as March 21 that the IMF would consider a
four-year extended fund facility worth approximately 15 billion Special Drawing Rights, equivalent to about $20 billion.Caputo mentioned
that some local media had actually reported lower figures, which contributed to market anxiety
largest borrower and continues repaying a $44 billion agreement from 2022
A prior program in 2018 under former president Mauricio Macri initially totaled $57 billion.Argentina Secures $20 Billion IMF Deal Amid
Economic Stabilization Efforts
(Photo Internet reproduction)Approximately $8 billion will strengthen central bank reserves while $12 billion will service existing IMF debt
RecoveryCaputo emphasized that Argentina simultaneously negotiates with the Inter-American Development Bank, Development Bank of Latin
America, and World Bank for additional funding
BBVA Research forecasts 5.5% GDP growth for Argentina in 2025, while the latest Market Expectations Survey projects inflation to fall to
This could help replenish dwindling foreign reserves and potentially enable lifting currency controls that have been in place since 2019.The
scheduled for April 21-22 in Washington.
