IMF Relaxes Argentina’s Reserves Target by US$5 Billion in 2025
8 Articles
8 Articles
The Treasury will buy back the Central Bank with the USD 2 billion it receives from the Fund another portion of Non-Transferable Letters, replicating the maneuver executed in May with the first shipment of USD 12 billion
With the arrival of US$2 billion from the IMF and mixed signals from the currency and inflation front, the Milei administration faces a key week to consolidate its economic program. Pressure on the dollar, inflation and rates will be at the center of the agenda.
The international body will expect a more active role from the Central Bank in the accumulation of foreign exchange.
The Treasury will replicate the operation carried out in May with the first disbursement of the Fund, through the repurchase of Non-transferable Letters. Although the gross foreign exchange stock does not vary, it improves the net position of the Central Bank. The post The Government will receive USD 2 billion from the IMF on Monday and will use the money to repurchase debt to the BCRA and strengthen net reserves appeared first on The Intransige…
Horacio Rovelli On Thursday, July 31, 2025, the Board of Directors of the International Monetary Fund (IMF) approved the technical review and will send to Argentina the 2 billion dollars agreed in the increase of the credit of April 14, 2025. The IMF Board noted that the goal of accumulation of international reserves of the BCRA by the second quarter of the year was not achieved. However, it mentioned that “other key performance criteria and ind…
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