Fact Check: "Argentina received US$12 billion from the IMF in April, the first instalment of a 20 billion dollar loan."
What We Know
In April 2025, the International Monetary Fund (IMF) approved a 48-month Extended Fund Facility (EFF) arrangement for Argentina, totaling US$20 billion. This arrangement included an immediate disbursement of US$12 billion, which was confirmed by the IMF's official announcement (IMF Executive Board Approves 48-month US$20 billion ...). This loan is part of a broader strategy to assist Argentina in stabilizing its economy and facilitating a return to international capital markets.
The IMF's role includes providing financial assistance to member countries facing balance-of-payments problems, which is a core responsibility of the organization (What is the IMF?). The funds are intended to support Argentina's economic reforms aimed at achieving macroeconomic stability and growth.
Analysis
The claim that Argentina received US$12 billion from the IMF in April as the first installment of a US$20 billion loan is supported by multiple credible sources. The IMF's official press release explicitly states that the Executive Board approved the loan arrangement and the immediate disbursement of US$12 billion (IMF Executive Board Approves 48-month US$20 billion ...). This information is corroborated by various news outlets, which reported on the loan and its intended purpose (IMF applauds Argentina's measures to boost dollar reserves, Milei unveils plan to draw dollars out from under mattresses).
The sources used in this analysis are reliable, as they originate from the IMF and reputable news organizations that cover economic issues. The IMF is a well-established international financial institution with a mandate to support its member countries through financial assistance and policy advice (What is the IMF?). The news articles referenced also provide context about the economic situation in Argentina and the significance of the loan, further validating the claim.
Conclusion
Verdict: True
The claim that Argentina received US$12 billion from the IMF in April as the first installment of a US$20 billion loan is accurate. This conclusion is based on the official announcement from the IMF and corroborated by credible news sources reporting on the economic measures being implemented in Argentina.
