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Argentina seeks over 40 percent disbursement from IMF amid fiscal reforms
Argentina is seeking over 40% of a $20 billion program from the IMF, as announced by Economy Minister Luis Caputo. The government has eliminated the fiscal deficit and reduced public spending to strengthen central bank reserves and ease foreign exchange restrictions. Caputo noted that the request exceeds the typical first disbursement range of 20% to 30%, emphasizing that all necessary measures have been taken.
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