Argentina's president Javier Milei has vowed to get inflation back down. Photo: Marvin RECINOS / AFP/FileSource: AFPThe IMF executive board voted Thursday to approve a payout of almost $800 million for Argentina as it continues a program of drastic economic reforms under its libertarian president, Javier Milei. "The Executive Board assessed the program to be firmly on track, with all quantitative performance criteria through end-March 2024 met with margins," the International Monetary Fund said in a statement. The decision by the IMF executive board to approve the eighth review of its loan program with the Latin American nation will allow for the disbursement of just over $793 million, bringing the total disbursements under the existing program to more than $41 billion. "Continued efforts to support the vulnerable, broaden political support and ensure agile policymaking will also be necessary," it added.

Source: Daily Nation June 14, 2024 08:11 UTC