The International Monetary Fund (IMF) announced on Tuesday (8) that it has reached a staff-level agreement with Argentina on a 48-month extended credit line totaling $20 billion.
According to the IMF, the agreement — which is still subject to approval by its Executive Board — builds upon the Argentine government’s “impressive initial progress in stabilizing the economy.” The fund highlighted that this progress has been supported by a strong fiscal anchor, leading to rapid disinflation and a recovery in both economic activity and social indicators.
