Economy 31-10-2018

IMF gives second disbursement to Argentine Government with conditions

The Central Bank of Argentina confirmed that it received the disbursement of 5.700 million dollars from the International Monetary Fund (IMF).

The International Monetary Fund (IMF) disbursed on Tuesday5,631 million dollars corresponding to the second loan granted by the international organization to the Argentine Government .

In the summary of the financial variable issued daily by the Central Bank of the Argentine Republic (BCRA) detailed the income corresponding to the Stand By agreement reached between the IMF and the Government of Mauricio Macri and that adds to the 15,000 million dollars received in June .

In total, the nation has received some 20.7 billion dollars from the IMF, which commits it to follow a series of adjustments and cuts to comply with the payment commitments.

In addition, other disbursements of 7.6 billion dollars are foreseen in December 2018 and some 10.7 billion dollars until March 2019.

This loan prompted the government to commit to the IMF to cut the nation's budget by 2019, which has been rejected by the Argentines in numerous marches.


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