IMF approves Argentina's next bailout installment ($792m) and endorses austerity measures.
The International Monetary Fund (IMF) has approved Argentina's next bailout installment, endorsing the government's austerity measures. The IMF's technical staff agreed to release $792 million to Argentina, following the completion of a review of the country's compliance record. This decision reassures markets and boosts confidence in Argentina's economic prospects as it faces its worst crisis in two decades. The approval still requires final confirmation from the IMF's executive board.
May 13, 2024
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