The meeting took place between 10:00 a.m. and 2:00 p.m., according to Télam news agency. Télam also reported that government officials told the Fund members that Argentina gained a fiscal surplus due to Milei’s economic measures. Social benefits and retirement pensions saw the deepest cuts, falling by 29% and 38% respectively. Caputo said in an interview on Monday that pensions would increase by approximately 30% in March, but a government source could not confirm whether the administration would pay a bonus. On January 31, the IMF’s board approved the staff-level agreement it had reached with Argentina and disbursed US$4.7 billion.

Source: Bueno Aires Herald February 22, 2024 05:19 UTC