IMF: Argentina Meets Programme Targets, Seeks Additional Funding to Remove Currency Controls
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#1c89e81c ver:0.12

Argentina has met the targets of its International Monetary Fund (IMF) credit programme by 'significant margins.' President Javier Milei’s stabilisation plan 'has yielded better results than we expected in our last programme review,' says Rodrigo Valdés, IMF's director for Latin America and the Caribbean. The IMF believes that its policy is bearing fruit, with the first fiscal surplus in a decade, steadily rebuilding reserves, strengthening the Central Bank's balance sheet, and inflation coming down faster than anticipated. The eighth quarterly review of the US$44.5-billion loan deal is scheduled for May. Milei plans to address the nation in a prime-time speech on the topic. Economy Minister Luis Caputo is seeking an additional US$15 billion to eliminate Argentina’s currency controls. The ...

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