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IMF Executive Board completes financing assurances review and grants waiver for noncomplying purchase by Argentina.

Publication: M2 Presswire
Publication Date: 29-AUG-03
Format: Online - approximately 654 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 August 2003-IMF: IMF Executive Board completes financing assurances review and grants waiver for noncomplying purchase by Argentina(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:08282003

The Executive Board of the International Monetary Fund (IMF) has completed the financing assurances review related to the fifth and final disbursement under Argentina's seven-month, SDR 2.17 billion (about US$3 billion) Stand-By Arrangement, which was approved on January 24, 2003 (see Press Release No. 03/09). The completion of this review enables the release of the final disbursement under this Arrangement, for an additional SDR 226.2 million (about US$310 million).

The Executive Board also reviewed...

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