Argentina joined the International Monetary Fund (IMF) on September 20, 1956[1] and has since participated in 21 IMF Arrangements.[2] The first Stand-By Arrangement (SBA) began on December 2, 1958, and the most recent Stand-By Arrangement began on June 20, 2018, and will expire on June 19, 2021.[3] The most recent arrangement approved Argentina to borrow SDR 40,714.00 million, of which Argentina has borrowed SDR 31,913.71 million[4] as of December 10, 2019. Over the past 63 years, Argentina has frequently used the resources of the IMF and holds the record for the largest loan distributed, reaching nearly $57 billion in 2018.[5] However, in 2006 under the leadership of Néstor Kirchner, Argentina was able to pay off its debts, thus escaping Article IV IMF surveillance. In 2016 under the leadership of Mauricio Macri relations between the IMF and Argentina were reestablished[5] due to the continuous decline of the country's GDP, leading to the 2018 arrangement.
- ^ "List of Members' Date of Entry". www.imf.org. Retrieved 2019-11-23.
- ^ "Argentina and the IMF". IMF. Retrieved 2019-12-02.
- ^ "History of Lending Arrangements: Argentina". www.imf.org. Retrieved 2019-12-02.
- ^ "Financial Position in the Fund for Argentina as of October 31, 2019". www.imf.org. Retrieved 2019-12-02.
- ^ a b "Argentina and the IMF: What to Expect with the Likely Return of Kirchnerism". NACLA. Retrieved 2019-12-02.
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