IMF agrees $20 billion loan deal with Argentina
Fund disburses $12 billion immediately as BCRA moves currency regime to managed float
Argentina on Friday (April 11) finalised a loan agreement of around $20 billion with the International Monetary Fund as the country’s central bank partially liberalised its exchange controls.
In a report, the IMF’s executive board said it had approved a 48-month extended fund facility arrangement totalling $20 billion. The institution said it would immediately disburse $12 billion, and that another $2 billion would be made available in June pending a first review of the arrangement.
The board
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