Negotiations with the International Monetary Fund (IMF) over the fifth review of Argentina’s economic program are “pretty close” to finishing, according to Economy Minister and presidential candidate Sergio Massa. IMF spokesperson Julie Kozack refused to answer whether the lender and Argentina will reach a deal before the end of July when the board is expected to go into recess. “I will just repeat that the teams are working intensively with a view to making progress and completing the fifth review,” she said at a briefing in Washington DC when a journalist asked her about the negotiation time frame. The deal includes an economic program that Argentina must comply with to receive disbursements every three months, which the government uses to pay the previous debt. The IMF staff’s upcoming fifth review of the program will evaluate Argentina’s performance until March.

Source: Bueno Aires Herald July 14, 2023 12:39 UTC