The International Monetary Fund has tentatively agreed to allocate $900 million to Argentina as part of a $20 billion loan program, Bloomberg reports. The IMF noted the successes of Javier Maile's government in fiscal and monetary policy, but softened the rhetoric regarding the country's imminent return to international capital markets due to the yield on Argentine government bonds above 12%.

The International Monetary Fund has tentatively agreed to allocate $900 million to Argentina as part of a $20 billion loan program, Bloomberg reports. The IMF noted the successes of Javier Maile's government in fiscal and monetary policy, but softened the rhetoric regarding the country's imminent return to international capital markets due to the yield on Argentine government bonds above 12%.