Argentina’s IMF Agreement Expected by Mid-April, Says President Milei

President Javier Milei announced that Argentina’s new agreement with the IMF will likely be finalized by mid-April. Following congressional approval of an emergency decree, the government confirmed grace periods on repayments exceeding four years, while specific details of the deal remain unspecified. Wall Street speculates potential disbursements between $5 billion and $20 billion under the new agreement.

President Javier Milei has announced that Argentina is expected to finalize a new agreement with the International Monetary Fund (IMF) by mid-April. This statement was reported by Bloomberg Línea, where Milei confirmed that a staff-level agreement would be sealed within this timeframe. This development follows a crucial legislative step, as the Argentine lower house of Congress approved Milei’s emergency executive decree supporting the new IMF deal.

The Chamber of Deputies voted 129-108 in favor of Milei’s proposed deal with six abstentions. This majority vote secures the decree’s enactment, as it requires approval from only one congressional chamber. While formal details of the new arrangement remain undisclosed, the government has indicated that Argentina is set to receive repayment grace periods exceeding four years.

Despite recent optimism, Milei’s economic team has refrained from providing comprehensive information about the agreement, leading to some ambiguity. Earlier in the month, Economy Minister Luis Caputo stated that only final details were pending; however, he later noted that the total amount of new funds from the IMF remains undecided. Market speculation suggests that President Milei’s administration may receive new disbursements ranging from $5 billion to $20 billion under this forthcoming agreement.

In conclusion, President Javier Milei anticipates that an agreement with the IMF will be formalized by mid-April, following recent congressional approval of his emergency decree. The government has indicated extended grace periods on repayments, although specific terms remain unclear. Furthermore, expectations from Wall Street suggest the possibility of substantial disbursements, although final negotiations are still in progress.

Original Source: batimes.com.ar