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Investing.com -- Discussions between International Monetary Fund staff and the Argentine government regarding the first review of their $20 billion program are "very advanced," according to IMF communications director Julie Kozack.
Speaking at a scheduled press briefing on Thursday, Kozack indicated that a staff-level agreement could happen "very, very shortly."
"Discussions on the first review are very advanced at this stage, and the next step in these discussions will be to reach a staff-level agreement between the authorities and staff," Kozack said.
The IMF official noted that Argentina’s transition to a more flexible exchange rate regime has proceeded smoothly. She also highlighted that the country has gained access to international capital markets earlier than initially anticipated under the program.
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