The group will be led by Economy Minister Sergio Massa’s chief advisor Leonardo Madcur and Vice Minister Gabriel Rubinstein. In 2022, the government and the IMF signed an Extended Fund Facility agreement after renegotiating the US$44 billion debt former President Mauricio Macri acquired in 2018. The deal included an economic program that Argentina must comply with in order to receive disbursements every three months, which are used to pay for the previous debt with the IMF. The goals established in the 2022 agreement include international reserve targets, which the Executive Board of the IMF relaxed by US$1.8 billion at the beginning of April. Sources have also said that Massa expects to receive payments from other multilateral organisms in the upcoming months, in order to increase the Central Bank reserves.

Source: Bueno Aires Herald April 25, 2023 01:59 UTC