Economics
IMF Approves Argentina $44 Billion Deal Already Facing Risks
- IMF board decision allows immediate $9.7 billion disbursement
- First review moved up to mid-May from June after Ukraine shock
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks during a Bloomberg Television interview at the COP26 climate talks in Glasgow, U.K., on Tuesday, Nov. 2, 2021.
Photographer: Emily Macinnes/BloombergThis article is for subscribers only.
The International Monetary Fund approved a $44 billion agreement that allows Argentina to reschedule debt owed to the lender, cementing a deal that’s already facing economic and political challenges.
The IMF’s executive board approved a 30-month extended fund facility at a meeting Friday, allowing for the immediate disbursement of $9.7 billion, the Fund said in a statement.