According to the Efe news agency on December 16**, official sources said that the Latin American Development Bank approved the provision of 9A short-term loan of $600 million, which Argentina will use to repay its debts due to the International Monetary Organization.
According to reports, the office of Argentine ** Milley said through the social platform X: "The first major achievement. The consolidation of the accounts and the corresponding adjustments have allowed the Argentine Republic to obtain funds from the Latin American Development Bank and avoid defaulting on its debt with the International Monetary Organization. ”
The leadership of the Latin American Development Bank unanimously approved the disbursement of the loan at a special meeting held on the 15th.
According to the report, this is a short-term liquidity bridge loan that will help Argentina repay the debt of the International Monetary Organization due next week. Argentina owes the organization about $46 billion.
In a statement, the Latin American Development Bank said the loan was carried out "in consultation and coordination with the International Monetary Organization and other multilateral banks."
According to reports, Argentina has had to resort to external financing several times this year due to the lack of monetary reserves of the central bank in order to repay the debt of the International Monetary Organization within the deadline.
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