The executive board of the International Monetary Fund approved on Wednesday the fifth and sixth reviews of its US$44 billion program with Argentina, allowing for the disbursement of $7.5 billion, according to the Argentine government. “The IMF board approved the disbursement of $7.5 billion,” the Economy Ministry said in a statement. On Tuesday afternoon, Massa announced that the World Bank and IDB will loan Argentina US$ 1.31 billion. IMF staff and Argentina had reached an agreement late in July for the fifth and sixth reviews of the program, with the disbursement left pending board approval. You may also be interested in: World Bank and IDB to loan Argentina US$1.3 billion—with information from Reuters

Source: Bueno Aires Herald August 23, 2023 17:59 UTC