The executive board of the International Monetary Fund on Friday completed the first review of its $44 billion Extended Fund Facility for Argentina, its managing director said.
Kristalina Georgieva said on Twitter the approval marked the conclusion of an initial step under the program to support the country's "ongoing economic recovery and strengthen stability."A source familiar with the matter had previously confirmed the information to Reuters.
accumulation goals, Argentine authorities have met "all end-March 2022 quantitative targets and have made progress toward implementing the structural commitments under the program."
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