IMF: $44bn loan deal to Argentina fell short of expectations
Monetary policy’s effects limited as central bank suffered heavy cashflow losses, evaluation finds
Argentina’s $44 billion loan programme did not meet its objectives of alleviating the country’s economic crisis, the International Monetary Fund (IMF) has said.
The IMF on January 10 published an ex-post evaluation of its $44 billion loan arrangement with Argentina. It said the arrangement did not achieve its goals of improving public finances, tackling high inflation or strengthening reserve buffers.
Argentina signed the deal in 2022 after struggling to repay its 2018 standby arrangement with the
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