IMF staff, Argentina reach agreement on latest review of $44 bln program

Staff of the International Monetary Fund (IMF) and Argentine authorities have reached an agreement on the eighth review of the country's $44 billion extended fund facility arrangement, the Washington-based lender said on Monday.

In a statement that was uploaded and later removed from the IMF website, the body said the decision followed better-than-expected first-quarter performance in Argentina. The terms must now be approved by the IMF executive board, which is expected to happen in coming weeks, it added.