<p>The International Monetary Fund's (IMF) 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.</p>.<p>Argentina needs the cash to unlock capital controls and bolster its foreign currency reserves.</p>.<p>The approved Extended Fund Facility is Argentina's 23rd program with the IMF, to which Argentina is already the largest debtor. </p>
<p>The International Monetary Fund's (IMF) 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.</p>.<p>Argentina needs the cash to unlock capital controls and bolster its foreign currency reserves.</p>.<p>The approved Extended Fund Facility is Argentina's 23rd program with the IMF, to which Argentina is already the largest debtor. </p>