April 11 (Reuters) - The International Monetary Fund's board approved a 48-month, $20 billion extended fund facility arrangement for Argentina and the immediate disbursement of $12 billion, the fund said on Friday.

Argentina needs the cash to unlock capital controls and bolster its foreign currency reserves.

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The approved Extended Fund Facility is Argentina's 23rd program with the IMF, to which Argentina is already the largest debtor.

https://www.reuters.com/world/americas/imf-approves-20-billion-extended-fund-facility-arrangement-argentina-2025-04-12/