IMF to consider $20 billion Argentina deal in informal meeting, Bloomberg News reports

The IMF will discuss a four-year extended fund facility of about 15 billion Special Drawing Rights, the report said. Argentina's lower house on Wednesday passed a decree issued earlier in the month supporting a new IMF program, allowing the government to begin talks with the IMF to bolster central bank reserves and potentially undo capital controls. The decree, while not specifying the amount in dollars, said that the planned extended fund facility would involve a repayment period of 10 years with a grace period of four years and six months.