Imf Will Review the Targets with Argentina in February and Welcomed the Accumulation of Reserves “at an Accelerated Pace”

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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…

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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

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The government is trying to send a wink to the IMF with the Central Bank’s dollar purchases, but it is still far from meeting the reserve goal. At the beginning of the year, the Executive launched the new phase of the exchange rate and monetary scheme. One of the central points has to do with underpinning the reserves of the BCRA. Thus, the authority that presides Santiago Bausili carries an eight-day buying streak in which it accumulates US$562…

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The economist Pilar Tavella, director of Macroeconom a and Strategy in Balanz, talks about the December inflation data, the path of risk pa s and the real metro term of the market: the accumulation of reserves.

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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 [...]

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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.