HomeTop Global NewsIMF Approves $44 Billion Argentinian Loan Program

IMF Approves $44 Billion Argentinian Loan Program

The International Monetary Fund approved Argentina’s fourth review under its $44 billion loan program on Friday, the lender confirmed. This means that the South American nation will receive a disbursement of $5.4 billion.

With the latest disbursement, Argentina has received a total of $28.9 billion thus far through the IMF’s loan program. A central bank source reported that the aforementioned funds have already arrived.

“The disbursement from the Fund has entered and it will be reflected in the reserves, which rose more than $2.5 billion as a net effect after payments were made,” the source said.

Although the IMF approved Argentina’s latest review, it has not yet addressed the Latin American nation’s request to ease reserve targets. Currently, Argentina is struggling to meet these milestones given the recent historic drought that has hit the country, severely affected its grain exports. The IMF did confirm, however, that it would later release a statement addressing this concern.

Warren Buffett to Step Down as Berkshire Hathaway CEO at the End of 2025

Warren Buffett is ready to step down as the CEO of multinational conglomerate Berkshire Hathaway. Buffet announced his decision while speaking at the company’s...

Microsoft Stock Soars on Better-Than-Expected Q3 Earnings

Microsoft reported better-than-expected third-quarter earnings on Wednesday, which caused the company's stock to soar by more than 8% in after-hours trading. Microsoft reported $3.46 in...

Gold Continues to Drop From Record Highs, Dollar Ends Its Slide

After reaching fresh record highs at the beginning of last week, gold has been in the midst of a continuous drop. Meanwhile, the U.S....