IMF Relaxes Argentina’s Reserves Target by $5 Billion in 2025

Bloomberg Linea

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The International Monetary Fund officially approved on Friday the changes to the reserve accumulation goals of the program signed with Argentina. Less than 24 hours after the agency’s Board approved the first revision of the Extended Facilities agreement signed in April and the disbursement of US$2 billion, the Fund announced the Staff Report in which it stated that the new goal for this year was reduced by US$5 billion. As the Minister of Econo…

El Intransigente

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They reduced the goal by US$5 billion that alleviates the objectives to be met for the Ministry of Economy of Luis Caputo. The post The IMF relaxed the reserve goal for Argentina and gives air to the government appeared first on El Intranssigente.

La Brújula 24

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These changes take place in a more challenging financial and exchange rate context.

diariopanorama.com

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The agency confirmed that “corrective measures” were taken and anticipated that the purchase of foreign currency will also be sustained by the sale of public companies. The Government expects the new target to be “well received” by the markets.

Bichos de Campo

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While until last year the International Monetary Fund (IMF) called for the continuation of export duties, now the international organization not only asks the Argentine government to reduce them, but also qualifies them as distortive. On Thursday the IMF approved the first revision of the expanded agreement with Argentina despite the fact that the country did not meet one of the key requirements. “Despite the most complicated global situation, t…