Argentina: Ex-post Evaluation of Exceptional Access under the 2022 Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Argentina

Argentina: Ex-post Evaluation of Exceptional Access under the 2022 Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Argentina
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Volume/Issue: Volume 2025 Issue 003
Publication date: January 2025
ISBN: 9798400299001
$20.00
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Topics covered in this book

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Banks and Banking , Exports and Imports , Finance , Inflation , Economics- Macroeconomics , Public Finance , IMF lending , Exceptional access , Fiscal consolidation , Exchange rates , International reserves , Inflation , Exchange restrictions , Multiple currency practices , Arrears , Currency markets

Summary

On March 25, 2022, the IMF Executive Board approved a 30-month arrangement for Argentina supported by the Extended Fund Facility (2022 EFF). Amounting to US$44 billion (1,001 percent of quota), it was the second largest non-precautionary arrangement in the Fund’s history after the 2018 Stand-by Arrangement for Argentina (2018 SBA). Of the planned 10 reviews, eight were completed. The arrangement is set to expire at end-2024.