REUTERS/Miguel Lo Bianco/File PhotoBUENOS AIRES, July 23 (Reuters) - The International Monetary Fund (IMF) should in the coming days finalize the basis for a staff level agreement with Argentina over a review of the country's $44 billion loan with the IMF, the Washington-based fund said on Sunday.
"The teams of the Economy Ministry and Central Bank of Argentina and the IMF staff have finished the core aspects of the technical work of the next review," the IMF said on Twitter.
"The central objectives and parameters that will be the basis for a "staff level agreement" have been agreed, which is expected to be finalized in the next few days before moving towards the review of the Argentina program," it added.
Argentina faces maturities with the IMF worth some $3.4 billion between July 31 and Aug. 1, at a time when the central bank's net reserves are about $6.5 billion in the red.
An Economy Ministry source told Reuters the disbursement program for the second half of 2023 has already closed and that the staff level accord could be sealed on Wednesday or Thursday.
Persons:
Miguel Lo Bianco, Hernan Nessi, Nick Zieminski
Organizations:
IMF, REUTERS, Monetary Fund, Economy Ministry, Central Bank of, Twitter, Ministry, Reuters, Thomson
Locations:
Buenos Aires, Argentina, BUENOS AIRES, Washington, Central Bank of Argentina