The Government agreed a new program with the IMF that includes financing for USD44.4 billion, aimed at repaying the previous program and budget support.

It includes conditionalities that will be evaluated in quarterly reviews.

The main goals refer to the reduction of the deficit and the Central Banks’s financing, and the accumulation of international reserves.

For the remainder of 2022, net financing from the IMF for USD6.4 billion is expected. Up to 2027, interest payments to the IMF are estimated at USD1.6 billion per year.

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