On Sunday, July 23, 2023, the Argentine government and the International Monetary Fund (IMF) announced that they had reached an agreement in principle on the terms of repayment of Argentina's $44 billion debt.

The Argentine government and the IMF said on their Twitter accounts that “teams from the Argentine Ministry of the Economy, the Central Bank, and the IMF have finalized the main aspects of the technical work on the next revision.” According to information made public on the social network, “the agreement aims to consolidate the budgetary order and strengthen reserves, recognizing the strong impact of the drought, the damage caused to exports and to the country's tax revenues.”

Argentina signed a loan agreement with the IMF in March 2022 to repay the $44 billion disbursed under a $57 billion loan granted under Mauricio Macri's administration.