President Javier Milei expects a new agreement with the IMF by mid-April, following Congressional approval of his emergency decree. While no details about the deal have been revealed, a grace period of over four years on repayments is confirmed. Speculation suggests potential disbursements between US$5 billion and US$20 billion.

President Javier Milei has announced that Argentina is expected to reach a new agreement with the International Monetary Fund (IMF) by mid-April. According to a report from Bloomberg Línea, Milei confirmed the timeline in response to inquiries regarding the anticipated staff-level agreement with the IMF.

This prospective agreement follows the recent approval of Milei’s emergency executive decree by Argentina’s lower house of Congress. The Chamber of Deputies voted 129-108 in favor, with six abstentions, thereby solidifying the legal framework necessary for a formal announcement regarding the future program.

While specific details about the new agreement remain undisclosed, the Argentine government has noted that the country will benefit from a grace period for repayments lasting over four years. However, mixed messages have emerged from Milei’s economic team regarding the deal, with Economy Minister Luis Caputo indicating that the amount of fresh funds from the IMF is still pending agreement.

Market speculation suggests that President Milei’s administration may receive new disbursements ranging from US$5 billion to US$20 billion under this forthcoming arrangement, reflecting a significant potential financial boost for Argentina.

In summary, President Javier Milei anticipates announcing a new agreement with the IMF by mid-April, following legislative support from the Argentine Congress. Key details of the deal have not yet been disclosed, although a four-year grace period on repayments has been confirmed. The anticipated financial assistance could range substantially, depending on future negotiations with the IMF.

Original Source: batimes.com.ar