If approved, it will be the 23rd transfer to the country since 1956; Government states that amount will be used to give the local currency stability
The IMF (International Monetary Fund) confirmed on Friday (28.mar.2025) that negotiates with Argentina a loan of $ 20 billion for 4 years. If confirmed, this will be the 23rd transfer from the Fund to the Argentine government since 1956, when the country joined the entity. The information is from .
According to the IMF, the loan will be delivered in part. The transfer still needs to be approved by the Fund Council.
According to Economy Minister Luis Caputo, the expectation of Javier Milei’s government is to close the deal until mid -April. If confirmed, this will be the 3rd loan with the fund since the government of Maurício Macri signed the agreement in 2018 for loans of $ 56 billion.
The operation, according to the minister, would give greater stability to local currency, the Argentine weight, strengthening inflationary control without increasing the total debt in the country.
“[O dinheiro] It is not to finance spending, nor to finance deficits, but to recapitalize the Central Bank’s assets. What we look for with this agreement is that we can rest easy that, finally, the weights are supported by the BC ”said the Minister of Economy on Thursday (26.mar).
Caputo expects, with the loan, to raise the Argentine BC reserves to $ 50 billion. Currently, the bank has reserves calculated at $ 26 billion. To get an idea, the Central Bank of Brazil closed 2024 with reserves in the house of $ 329.7 billion.
INFLATION
The monthly inflation of Argentina. The result represents an acceleration of 0.2 percentage point compared to January, when it was 2.2%.
The accumulated rate in 12 months retreated to 66.9%. The fall was 17.6 percentage points compared to the 84.5% recorded in January.
With information from
