The technical staff of the International Monetary Fund (IMF) approved in May the 8th review of its US$44-billion stand-by agreement with Argentina, also clearing the remittance of US$800 million to meet upcoming payments due to the IMF. The technical staff’s generally positive view of the Javier Milei’s fiscal and monetary performance (always with attention to “improving the quality and equity of fiscal consolidation”) was followed by bullish remarks from IMF Communications Director Julie Kozack on the prospects for economic growth and the free competition of currencies in the second half of the year.
SOURCE: www.batimes.com.ar