Argentina secured total loans 42 billion dollars From the International Monetary Fund (IMF), the World Bank and the Inter -Indian Bank of Development (DTA).

The IMF loan was expected and amounts to $ 20 billion, as the Minister of Finance had announced Friday Luis Kaputo. Approved by the IMF Board of Directors, the program provides for immediate disbursement 12 billion dollars and the second dose, height 2 billionexpected in June.

For ‘Recognition of the impressive progress made in the stabilization of the economy’ of Argentina and for ‘Vote of confidence in the government’s determination to continue the reforms’, The IMF chief spoke Cristalina Georgieva In a post on the X platform (formerly Twitter).

It is about 23rd IMF loan agreement with Argentinawhich has become the largest debtor of the International Monetary Fund. After all, he has not yet repaid the $ 44 billion loan he received from the IMF in 2018.

Argentina’s economy will grow at an unprecedented pace, the country’s president estimated Javier Miley, Following the IMF announcement.

However, the surprise came a little later than the World Bank, which announced almost simultaneously financial assistance of $ 12 billion in the country of the Andes, in order “Support the reforms that continue to attract the private sector and enhance the measures taken to create new jobs.”

For its part, TTA intends to grant up to $ 10 billion on a three -year horizon in the Argentine government.

The injection of liquidity is considered critical by the Miley government to replenish the Argentine Central Bank reserves and the ‘Extermination of inflation’in the words of the country’s extreme liberal president.

In March, Inflation in Argentina stood at 55.9% on an annual basis, compared to the 211% at the end of 2023that is, at the beginning of the presidency of Miley, when the first measures of harsh austerity were imposed, including one peso Over 52%.

At the beginning of 2024, the percentage of poverty In Argentina fired at 52.9% before receiving 38% In the second half of the year, about the same level before Miley took over the presidency (41.7%).