Argentina’s President Javier Milei forecasts an IMF agreement by mid-April, following Congress’s approval of an emergency decree. While specific details are scarce, a grace period on repayments is confirmed, and speculations on financial disbursements range from US$5 billion to US$20 billion.
President Javier Milei of Argentina has announced that a new agreement with the International Monetary Fund (IMF) is expected to be finalized by mid-April. According to a report from Bloomberg Línea, Milei disclosed this timeline during discussions about a staff-level agreement with the IMF.
This anticipated deal follows a crucial legislative step, where Argentina’s lower house of Congress approved Milei’s emergency executive decree related to a new IMF agreement. The Chamber of Deputies voted 129-108 in favor of the decree, which requires approval from only one congressional chamber to take effect.
While no specifics of the new deal have been made public, it has been confirmed that Argentina will benefit from a grace period of over four years on repayments. However, the government’s economic team has provided inconsistent information regarding the agreement, with Economy Minister Luis Caputo indicating that the exact amount of fresh IMF funds has yet to be determined.
Speculation among Wall Street analysts suggests that President Milei’s administration might receive additional disbursements ranging from US$5 billion to US$20 billion under this new arrangement with the IMF.
In conclusion, President Javier Milei anticipates that Argentina will finalize a new agreement with the IMF by mid-April, following the recent approval of a necessary decree by Congress. Although precise terms of the deal remain undisclosed, it is expected to include significant repayment grace periods. There is also speculation regarding potential new financial disbursements, which could bolster the Argentine economy.
Original Source: batimes.com.ar
