The IMF Warned the Government About Raising Country Risk and Demanded that It Accumulate Reserves
4 Articles
4 Articles
Spokesperson Julie Kozack avoided giving the date of the third review of the agreement with Argentina and instead made a public announcement to Luis Caputo for “the recent volatility in the markets.”
The International Monetary Fund (IMF), acknowledged that the country risk became a problem factor for the government of Javier Milei, and recommended it to maintain the economic direction and strengthen the reserves in dollars. “The authorities are committed to preserve their fiscal anchor, to continue increasing their international reserves and perfecting the framework of ... Read more
The agency’s spokesperson, Julie Kozack, highlights progress in fiscal matters and the slowing down of inflation, but warns of the need to strengthen the economy in the face of market volatility. The third review of the agreement may enable a disbursement of US$900 million.
The spokesperson for the International Monetary Fund, Julie Kozack, re-emphasized the economic program. Regarding the rise of Country Risk, she said that part of the recent volatility in the markets highlights the value of continuing to build the economic resilience of Argentina. She recalled that the government is committed to preserving its fiscal anchor and accumulating more international reserves. There is still no date for the Board meeting.
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