Argentina Starts Repaying Its 2022 IMF Loan With US$793 Million
Argentina owes the IMF about US$58 billion, more than any other country. On Friday 25 September it starts repaying the principal of its 2022 loan, with US$793 million. The post Argentina Starts Repaying Its 2022 IMF Loan With US$793 Million appeared first on The Rio Times .
Argentina repaid the International Monetary Fund (IMF) US$793 million on September 25th, marking the first principal repayment since 2024 on a loan taken in 2022. Unlike interest payments in 2025 and 2026, this repayment returns borrowed principal. The payment, equivalent to 583.3 million special drawing rights (SDRs), is part of the country's larger debt to the IMF, which now stands at over 13 times Argentina's quota.
The IMF has scheduled regular principal repayments starting four and a half years after each drawing, with Argentina drawing its most recent loan of SDR 7 billion in March 2022. The repayment was financed by the country's dollar deposits at the central bank, leaving net reserves unchanged. Despite the payment, Argentina still owes roughly US$57 billion to the IMF, with further principal and interest payments due in November and early January.
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