Argentina Expedites IMF Negotiations for New Agreement

Argentina's government may combine final reviews of its $44 billion program with the IMF before opening negotiations on a new agreement that could include additional funds. Economy Minister Luis Caputo indicated that this new program could take three to six months to finalize.

Argentina's government is poised to expedite its $44 billion program negotiations with the International Monetary Fund (IMF), potentially combining the final two staff-level reviews into one.

Following this consolidation, Argentina plans to open talks on a new agreement that could feature additional funding, according to sources cited by Bloomberg News.

Economy Minister Luis Caputo informed investors in New York that the new program negotiations could span a period of three to six months.

(With inputs from agencies.)