Argentina, IMF reach staff-level agreement on third review of current program

Argentine authorities and International Monetary Fund (IMF) staff reached a staff-level agreement on Tuesday. This is the third review of the Extended Fund Facility program the Milei administration struck with the lender in 2025. The new program unlocked a US$20 billion loan, which piles up with a previous US$45 billion debt the country took in 2018 during Mauricio Macri’s government. The agreement, which must be approved by the fund board in order to become official, opens the door to an additional US$900 disbursement for the Milei administration. In a statement announcing the news, the fund…