Argentina to Get $9.8 Billion From IMF After Agreement Approval
- Country publishes IMF memo as agreement goes to congress
- Ruling coalition’s criticism makes approval more unpredictable
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Argentina’s government published on Friday the detailed plan for reducing its fiscal deficit and central bank financing as part of its pending $45 billion deal with the International Monetary Fund.
The agreement with IMF staff, announced Thursday, has now been submitted to Argentina’s congress and will go before a vote sometime in the coming weeks. The country will receive 7 billion ($9.8 billion) of the IMF’s special drawing rights upon approval by lawmakers and the executive board of the Washington-based organization, according to the document.