A technical mission from the IMF would arrive in Buenos Aires for the first review of a $20 billion funding arrangement. The review is of a four-year Extended Fund Facility (EFF) deal, freed up in April to aid Argentina’s efforts to stabilize the economy. This milestone is the first step in the implementation of the economic reforms agreed with the Fund under the EFF deal since the arrival of the mission. Argentina signed the EFF agreement in April after taking major steps to realign its macroeconomic policy.
SOURCE: INVEZZ