September 29, 2023


The Minister of Financial system of Argentina and presidential candidate, Sergio Massa, will journey subsequent week to Washington (United States) for the approval and disbursement of seven,500 million {dollars} (about 6,804 million euros) by the Worldwide Financial Fund (IMF), because the Argentine newspaper ‘La Nacion’ has discovered.

“He’s going to announce the disbursement; it’s extra symbolic than anything,” sources from the Palacio de Hacienda have talked about to the aforementioned newspaper the identical day that the presidential candidate Javier Milei, the ultraliberal who has gained the first elections, confirmed contacts with the IMF.

The settlement was already introduced on the finish of July, and is meant to assist strengthen the reserves of the nation’s Central Financial institution.

Argentina obtained a mortgage of 775 million {dollars} (about 703 million euros) from Qatar on August 4 to pay its obligations to the IMF, throughout the framework of an advanced scenario for the South American nation, with its international foreign money reserves at a minimal. historic occasions and a deepening financial disaster.

The IMF, for its half, has supported the nation with a report bailout of 44,000 million {dollars} (39,919 million euros) throughout the administration of Mauricio Macri, however the settlement has been renegotiated and refinanced beneath the outgoing presidency of Alberto Fernandez.