The new agreement also doubled the government’s free access amount, taking it from US$ 5 billion to US$10 billion. The Herald reached out to the Economy Ministry, the IMF, and the Central Bank for comment but did not immediately receive a response. The deal includes an economic program that Argentina must comply with in order to receive SDR disbursements every three months, which are used to pay for the previous debt with the IMF. In July, Argentina has to pay another US$ 2.6 billion. As per the current schedule, the IMF staff’s upcoming fifth review of the program will evaluate Argentina’s performance until March.

Source: Bueno Aires Herald June 29, 2023 23:34 UTC