As the International Monetary Fund staff and Argentina advance on talks for a new agreement, the lender’s board is closely following whether the country meets four key criteria that would allow it to receive a large loan.
In a briefing held last week between the Washington-based institution’s technical staff and its executive board, one of the key topics was how Argentina will continue to meet existing criteria to receive an “exceptional access” loan. The internal category, with requirements created in 2002 to guarantee a responsible use of loans, allows a country to receive financing for more than 100% of its allowance in a single year.
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