© Archyde.com / Yuri Gripas
File photo. Logo of the International Monetary Fund
BUENOS AIRES, March 25 (Archyde.com) – The executive board of the International Monetary Fund (IMF) approved an agreement with Argentina for around 45,000 million dollars on Friday, the agency said in a statement, as reported by Archyde.com.
The 30-month extended facility agreement, which replaces a failed one for 57,000 million in 2018, will allow the immediate disbursement of 9,650 million dollars, explained the IMF.
The program “aims to strengthen public finances and begin to reduce persistently high inflation through a multi-pronged strategy involving the gradual elimination of monetary financing of the fiscal deficit and an improved monetary and exchange rate policy framework,” the IMF said in a statement. the notice.
(Reporting by Eliana Raszewski. Editing by Lucila Sigal)
