The third review of the country's bailout is subject to approval by the IMF executive board, after which the tranche can be disbursed to the government. (EPA Images pic)WASHINGTON: The International Monetary Fund on Tuesday said it had reached a staff-level agreement with Argentina on the third review of the country's bailout, potentially unlocking about US$900 million for the Latin American country.
The agreement is subject to approval by the IMF's executive board, after which the tranche can be disbursed to the Argentinian government.
In 2025, as it dealt with rampant inflation and currency depreciation, Argentina concluded an extended fund facility agreement with the IMF worth around US$20 billion over four years.
