What are the economic reforms linked to the debt deal?

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Economic Reforms Linked to Argentina's Debt Deal with the IMF

Argentina made an interest payment of US$370 million to the International Monetary Fund (IMF) on February 5th as part of a US$44 billion debt renegotiation. This payment reduced the country's international reserves to US$37.18 billion. The agreement in principle between Argentina and the IMF, announced a week prior to the payment, is contingent upon Argentina implementing specific economic reforms.
Fiscal Deficit Reduction Commitments

A central component of the economic reforms tied to the debt deal involves a commitment to progressively reduce Argentina's fiscal deficit. The country has pledged to lower the deficit from three per cent of the Gross Domestic Product (GDP) in 2021 to 0.9 per cent by 2024. This planned reduction is to be achieved through incremental steps, with the deficit targeted at 2.5 per cent in 2022 and 1.9 per cent in 2023.
Context of the Debt Renegotiation

This interest payment follows a previous transfer of approximately US$700 million made the preceding Friday, coinciding with the announcement of the debt rescheduling. The US$44 billion debt was officially rescheduled late last month. The agreement in principle signifies a framework for renegotiating the substantial debt owed to the IMF, with the implementation of economic reforms being a prerequisite for the finalisation of this deal.
Economic Minister's Statement on Reforms

Economy Minister Martin Guzman stated last week that the planned gradual reduction in the fiscal deficit would not impede the recovery of the Argentine economy. This assertion underscores the government's position that the agreed-upon fiscal measures are designed to be compatible with economic growth, aiming to balance fiscal discipline with the need for economic expansion during the reform period.

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What are the economic reforms linked to the debt deal?

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