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20 March, 2019 00:00 00 AM
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IMF staff approves review of Argentina reform program

AFP, Washington

An International Monetary Fund team on Monday announced its support for Argentina’s crisis response program, a step that will lead to the release of nearly $11 billion under its financial aid plan.

The IMF board is expected to review the staff recommendation in coming weeks and likely will approve the third review of the beefed-up, three-year loan program, according to the statement.

“We commend the authorities’ policy efforts and strong determination to address macro-economic imbalances and advance their economic stabilization plan,” IMF mission chief Roberto Cardarelli said.

He said government reforms are bringing down the high budget deficit, one of the key causes of the crisis last year, and met the deficit target.

 

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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