Argentina receives first tranche of $20-B IMF loan

Argentina receives first tranche of $20-B IMF loan

BUENOS AIRES, Argentina — Argentina on Tuesday received an initial $12 billion from a new $20 billion loan agreed by the International Monetary Fund, which the central bank said would be used to boost its reserves. The South American country has loosened currency controls to receive about $42 billion from the IMF, World Bank and International Development Bank. The initial $12 billion will increase central bank reserves to nearly $37 billion, the…

Central Bank reserves hit US$36 billion after first IMF tranche

First disbursement of US$12 billion arrives from International Monetary Fund, boosting reserves; Official exchange rate rises to 1,223 pesos per dollar; Country risk falls to 725 points.

The reserves of the Central Bank showed a strong leap this Tuesday after the International Monetary Fund turned US$ 12 billion corresponding to the first disbursement of the new financial agreement closed with Argentina. Thus, there was a strong strengthening of the support that the BCRA has to operate on the exchange market, where since the disappearance of the stocks still did not need to intervene. After the devaluation of this Monday due to …

The IMF (International Monetary Fund) made a “risky bet” when lending money back to Argentina, says Fabio Giambiagi, researcher from FGV Ibre (Brazilian Institute of Economics, Getulio Vargas Foundation). The economist recalls that, although the cooperation was widely celebrated by the government of President Javier Milei, the country's relationship with the Fund is long and complex, and the Argentine government may face difficulties in the com…

The public debt reached a new record in March, US$ 473.557, and will continue to expand with the new agreement with the IMF that mortgages the future of the next generations. We asked ChatPTS about the history of this scam. I agreed here to ChatPTS. The history of Argentine foreign debt is a complex and recurring issue in the politics and economy of the country. From the perspective of La Izquierda Diario, the foreign debt has been a mechanism o…

First disbursement of US$ 12.151 billion will be used to reinforce the hard currency reserves of the Central Bank of Argentina