Argentina Pays $12 Billion to Central Bank as Part of IMF Agreement

On May 7, 2025, Argentina’s Economy Ministry announced it had paid $12 billion in cash value to the nation’s Central Bank, settling a series of non-transferable notes. This payment is a key component of Argentina’s agreement with the International Monetary Fund (IMF), which has approved a $20 billion extended arrangement for the country. The transaction was confirmed in a statement by the Central Bank, marking a significant step in Argentina’s efforts to stabilize its economy under President Javier Milei. The funds are part of a broader strategy to manage the country’s financial obligations and strengthen its economic framework, following the IMF deal. This payment reflects Argentina’s commitment to meeting international financial commitments while addressing domestic economic challenges, with the IMF arrangement aimed at supporting long-term growth and stability.
34news.online