IMF says Argentina’s request for 40% disbursement from new loan is ‘reasonable’

WASHINGTON (Reuters) – The International Monetary Fund views Argentina’s request for a 40% disbursement from the $20 billion new loan program it is negotiating with the global lender as “reasonable,” IMF Managing Director Kristalina Georgieva told Reuters on Monday.

“It’s a reasonable request. They’ve earned it, given their performance,” Georgieva said, citing Argentina’s efforts to finally tackle long-overdue economic reforms.

Georgieva said she expected the negotiations with Argentina to be completed before the upcoming IMF and World Bank spring meetings in Washington on April 21-26.

(Reporting by Andrea Shalal; Editing by Leslie Adler)