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IMF staff and Argentina agree on the latest overhaul of the $44 billion program

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

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

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)