This payment is carried out with the purpose of maintaining active the debt financing program, valued at US$44,000 million, that is maintained with said international organization.
Report by Liliana Franco.-
The national government will take a crucial step in its financial strategy by honoring a pending maturity with the International Monetary Fund(IMF), disbursing a sum of US$900 million.
This payment is carried out for the purpose of maintaining active debt financing programvalued at US$44,000 million, which is maintained with said international organization.
The payment operation will be carried out using a credit specific US$960 million provided by the Development Bank of Latin America and the Caribbean (CAF). This loan has been exclusively designated to meet this financial commitment, thus ensuring the continuity of the debt program. The funds are already deposited in the Central Bank, which has led to a notable increase in the country’s gross reserves, reaching the figure of US$22,262 million.
The maintenance of these negotiations is crucial for the next steps of Javier Milei’s Government. The economic team seeks to direct a quick and effective negotiation with the bank of last resort.
The prompt resumption of the financing program with the IMF constitutes a priority for the current Administration, since it will not only contribute to stabilizing the national economy, but will also send positive signals to the financial markets and strengthen confidence in the country’s economic policies.
Source: Ambito
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