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Argentina will negotiate a new program with the IMF on Thursday
Tuesday, June 11, 2024 - 13:30
Caputo. Foto: Reuters.

At the meeting, it is planned to analyze the eighth review of the program, and its immediate approval is expected, with the arrival of approximately US$ 800 million.

The Minister of Economy of Argentina, Luis Caputo, explained today, Tuesday, that on Thursday a new negotiation will begin between the Government and the International Monetary Fund (IMF) to close a new aid program for the country.

The Executive will take advantage of the meeting scheduled for June 13 to, in addition to reviewing the program, agree to negotiate "a new program" with which new financing can arrive and get out of exchange restrictions.

Regarding its duration, Caputo has advanced that "it will probably take a little time", although he did not want to give specific information, since "first" it must be agreed with the IMF itself.

At Thursday's meeting, the eighth review of the program is scheduled to be analyzed, and its immediate approval is expected, with the arrival of approximately US$800 million.

"Despite the inherited economic and social situation, the firm implementation of the stabilization plan by the Argentine Government allowed the program to be firmly reestablished," the IMF hinted last May.

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