IMF disburses $4 billion for Argentina ...Middle East

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IMF disburses $4 billion for Argentina
source : Daily Sun ( Middle East ) () 16
WASHINGTON: The International Monetary Fund said Friday it has completed its first review of a huge loan program agreed with Argentina and will now disburse $4 billion.Argentina is just emerging from three years of recession and battling a high poverty rate and rising inflation, which hit 51 percent last year.In March the IMF approved a 30-month credit program with Argentina totaling $44 billion. The $4 billion is part of that.“Against the backdrop of increased global uncertainties, the Executive Board assessed that all end-March 2022 and continuous performance criteria and indicative targets were met, and that initial progress was made on the structural front,“ the IMF said.Under the deal s

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