Argentina Expects IMF to Approve $7.5 Billion Disbursement
- November disbursement not dependent on election outcome: Massa
- Economy chief, presidential candidate speaks in Washington
The IMF board is scheduled to vote Wednesday on Argentina’s loan.
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Argentine Economy Minister Sergio Massa expects the International Monetary Fund to approve a $7.5 billion disbursement on Wednesday as the country’s program faces growing uncertainty after primary elections last week.
Argentina also anticipates getting another $2.75 billion payment from the IMF in November pending a staff-level review, Massa told reporters in Washington following meetings with World Bank and Inter-American Development Bank officials. Massa added that Argentina will receive an extra $1.3 billion from the development banks by year end.