Argentina secures $7.5 bln disbursement from IMF

The International Monetary Fund (IMF) has approved the disbursement of $7.5 billion for Argentina after completing the fifth and sixth reviews of their $44 billion program, bringing the total disbursements to $36 billion, with most of the cash being used to pay back the fund for another program.

reuters.com

Relevant topic timeline:

8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

The Argentinian peso slips as investors await the International Monetary Fund (IMF) board's decision on the country's loan program, while stocks rise; Brazil approves fiscal rules to prevent public debt spike; South Africa announces expansion mechanisms for BRICS nations.

8/23/2023

Buenos Aires Times

Argentina's Economy Minister Sergio Massa announced that the World Bank and Inter-American Development Bank have approved loans worth $1.3 billion for Argentina, with the purpose of financing development projects and strengthening reserves at the Central Bank.

8/24/2023

Exclusive-Argentina to use IMF money to pay back part of a currency swap with China -sources

Argentina plans to use a $7.5 billion disbursement from the International Monetary Fund to repay part of the money it borrowed from China through a currency swap line.

9/15/2023

Argentina Faces Uncertain Future with IMF Amid Calls for Stricter Reforms

Argentina and the International Monetary Fund (IMF) face challenges as the country enters a recession, misses economic targets, and struggles with inflation, prompting calls for stricter conditions and deeper structural reforms from the IMF.

9/15/2023

IMF to Urge China to Shift to Consumer-Driven Growth, Address Real Estate Risks As It Cuts Global Outlook

The International Monetary Fund (IMF) plans to advise China to boost domestic consumption, address its troubled real estate sector, and rein in local government debt, in order to combat the declining growth in China and the global economy, according to IMF Managing Director Kristalina Georgieva.

Topics

Posted 8/23/2023, 8:26:00 PM

Argentina secures $7.5 bln disbursement from IMF

reuters.com

Relevant topic timeline:

8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

8/23/2023

Buenos Aires Times

8/24/2023

Exclusive-Argentina to use IMF money to pay back part of a currency swap with China -sources

Argentina plans to use a $7.5 billion disbursement from the International Monetary Fund to repay part of the money it borrowed from China through a currency swap line.

9/15/2023

Argentina Faces Uncertain Future with IMF Amid Calls for Stricter Reforms

9/15/2023

IMF to Urge China to Shift to Consumer-Driven Growth, Address Real Estate Risks As It Cuts Global Outlook