The IMF has damped expectations of an imminent new loan for crisis-stricken Argentina, even as it praised its “better than expected” performance on economic targets under libertarian president Javier Milei.
The fund said on Monday that Argentina had met all the targets of its existing $43bn loan in the first quarter of 2024, and that it would release funds worth $800mn in line with the programme’s current schedule.
Argentina needs the money to pay the IMF back for borrowing by previous governments under the programme, which was originally worth $57bn when taken out in 2018. It was refinanced in 2022.
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