Good news: the IMF approved the agreement for the refinancing of Argentina's debt

Good news: the IMF approved the agreement for the refinancing of Argentina’s debt

The directory of International Monetary Fund (IMF) approved, this Friday, the new agreement reached with the Government of Argentina for the refinancing of the debt of 45,000 million dollars contracted in 2018 by the last Macrista Administration.

From the city of Washington, in the United States, the negotiating staff of the multilateral organization gave the green light to the new Argentine economic program that establishes, among other things, longer terms for the payment of the debt and a new loan of 9,800 million dollars for the cancellation of the interest added by the IMF.

Economy Minister Martín Guzmán traveled with his team to Washington to sign the agreement.

Coming soon, the Argentine Government will receive this new disbursement to pay the IMF the almost 2,800 million dollars that are owed in interest and to strengthen the monetary reserves of the Central Bank (BCRA)which has recently been hit by the liquidity deficit and the constant selling of foreign currency.

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