We can confirm that the Managing Director had a call with Minister Caputo to discuss next steps in the preparation of a new 4-year EFF program, and that the Argentine authorities requested an overall financing package of US$20 billion.
Julie Kozack, IMF
2,895 posts
Julie Kozack, IMF
@IMFSpokesperson
Official account of the spokesperson for the International Monetary Fund (IMF). Also follow @IMFNews.
- 🇸🇳 Le FMI collabore étroitement avec les autorités pour évaluer l’impact macroéconomique et définir les prochaines étapes.
00:00 - I extend the IMF's deepest sympathies to the people affected by recent events in Kenya. We remain committed to help Kenya establish sound macroeconomic fundamentals, crucial for sustainable growth and job creation, especially for the country's young people.
00:00 - Good meeting between Deputy Managing Director Antoinette Sayeh and Pakistan Finance Minister @MiftahIsmail about policies needed to continue the Extended Fund Facility program. A mission is expected to visit Islamabad in May to continue the discussions.
- IMF Executive Board approved today a three-year US$6 billion loan to support #Pakistan’s economic plan, which aims to return sustainable growth to the country’s economy and improve the standards of living.
- IMF staff is closely engaged with the Argentine authorities as they implement their program for entrenching stability and improving the country’s growth prospects. (1/2)
- Replying to @IMFSpokespersonAny agreed package & its phasing is subject to approval by the IMF’s Executive Board. As we have said, progress on the new program is very advanced & engagement continues at all levels to finalize an agreement that will help 🇦🇷 consolidate its already successful economic program.
- Replying to @IMFSpokespersonWe support their commitment to ensure the sustainability of the program’s FX and monetary framework, as well as their continued adherence to the fiscal anchor and comprehensive deregulation agenda. (2/2)
- The IMF is in discussions with #Uganda on a three-year financial arrangement to help continue the fight against the pandemic and build forward to more inclusive growth. The final amount will depend on the estimated balance of payment needs and the strength of policy reforms.
00:00 - Replying to @IMFSpokesperson🇸🇳 The IMF welcomes Senegal's audit of public finances and its commitment to strong governance and fiscal transparency. We will work closely with the authorities in the coming weeks to evaluate the macroeconomic impact and outline the next steps.
00:00 - My statement on the Central Bank of Argentina’s (BCRA) announcements today:
- We welcome congressional approval of key fiscal and structural legislation, as well as measures to strengthen the monetary policy framework. These aim to improve the quality of the fiscal consolidation, further reduce inflation, and support the economic recovery.
