Imf Will Review the Targets with Argentina in February and Welcomed the Accumulation of Reserves “at an Accelerated Pace”
20 Articles
20 Articles
WASHINGTON.- The progress made by the Central Bank (BCRA) to accumulate reserves at the beginning of this year, with purchases sustained on the last wheels, was highlighted by the International Monetary Fund (IMF), which described as “very positive” that the purchases of dollars go to a “faster rhythm than expected”, at a time when the second review of the program agreed with the agency last year is expected.“We are greatly encouraged by the mea…
Agency spokesperson Julie Kozack again strongly supported the economic program and anticipated that a mission will arrive next month to review the agreement and analyze a possible waiver for non-compliances
The spokesperson of the International Monetary Fund (IMF), Julie Kozack, again made a fervent defense of Argentina’s economic program and confirmed a mission of the agency’s technicians in February to finalize the second review of the agency’s agreement with the country. In addition, the official highlighted that the Central Bank began [...]
The Ministry of Economy will announce last year’s public accounts result this Friday. It has to get a surplus of 1.6% of GDP to be able to ask for a waiver since it could not close the numbers in dollars.
The financial world is passing through the second week of the year a little baffled between the heat surge and storms and sudden drops of temperature. Breaths of fresh air cheer the days at the Central Bank. This is the change of monetary policy and accumulation of reserves that faced the economic leadership in response to the commitments with the IMF.Since the start of the new scheme of exchange rate bands that adjust due to the evolution of in…
Specialists think about the turn the government has taken in its policy of accumulation of reserves. BCRA’s intervention in the foreign exchange market favored the decline of the official dollar while the financial scheme managed to refinance its debt in pesos this week. Read more
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