The International Monetary Fund (IMF) has commenced its first review of Argentina under President Javier Milei’s new Extended Fund Facility (EFF) programme. Despite market estimates pooled by La Nación suggesting Argentina has not met net reserve accumulation targets for this period, the Ministry of Economy remains confident that strong fiscal and monetary performance will secure approval for a scheduled $2bn disbursement this month. The IMF has expressed support for Argentina’s sweeping economic reforms, particularly as inflation continues to cool and foreign currency reserves continue to be built up, albeit at a lower rate than required.
SOURCE: INTELLINEWS