IMF approves immediate $4.7 billion to Argentina

The International Monetary Fund’s executive board approved a US $4.7 billion disbursement to the government of Argentine President Javier Milei, according to a statement on Wednesday.

The Board’s decision enables an immediate disbursement of around US$4.7 billion to support the authorities’ upfront policy efforts and strong commitments to restore macroeconomic stability and help Argentina meet its balance of payments needs. This brings total disbursements under the arrangement to about US$ 40.6 .billion.