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IMF approves new loan program for Argentina

IMF approves new loan program for Argentina

March 28, 2022 | Charles Newbery
Deal seen as key for the sovereign issuer to regain access to international capital markets

International Monetary Fund (IMF) Economy & Policy Loans Debt Argentina Capital Markets

The executive board of International Monetary Fund (IMF) approved on Friday a new loan program for Argentina, giving the country breathing room to pay the $44 billion it owes the lender so that it can pull Latin America's third-largest economy out of a crisis in its fourth year. The new program, called an extended fund facility, "aims to provide Argentina with balance of payments and budget support that is backed by measures designed to strengthen debt sustainability, tackle high inflation, boos

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