The IMF supported the Government’s “unwavering decision” to implement a shock program

After reaching a new agreement with the International Monetary Fundthe Government of Javier Milei highlighted that the multilateral credit organization supported “the inevitable decision” to implement a shock program and warned that “it is imperative that Congress approve the reforms sent in the Omnibus Law and the DNU of deregulation of the economy .

The Office of the President issued a statement after the IMF announced a technical agreement for the seventh review of the program, which will allow the Executive Branch to receive a disbursement of about USD 4.7 billion once the organization’s board of directors approves it. With that sum, you will be able to pay the USD 1.95 billion of maturities that fall at the end of the month. The new roadmap will require a accumulation of reserves for USD 10,000 million throughout the year and strong fiscal adjustment.

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