IMF deal with Argentina imminent

IMF Secures $2 Billion Deal with Argentina

The International Monetary Fund (IMF) has announced that it has reached a staff-level agreement with the Argentine government regarding the first review of the program established in April. The lender’s board is scheduled to convene in late July to provide final approval for the review, a decision that would facilitate a US$2 billion disbursement. Just … Read more

Argentina is on the IMF's agenda

IMF Set to Review Argentina’s $20 Billion Program

The International Monetary Fund plans to engage in discussions regarding the initial review of Argentina’s US$20-billion programme during an informal meeting between its staff and executive board on Tuesday, as reported by a source with knowledge of the situation. The meeting is anticipated to occur in Washington on Tuesday morning, according to an individual who … Read more

Argentina's Banks Struggle with Liquidity

New steps to attract dollars boost Argentina bonds

Argentina’s bonds experience an uptick following the introduction of new measures aimed at attracting foreign currency. The Central Bank has introduced a series of measures designed to assist the nation in accumulating additional hard-currency reserves. On Tuesday, Argentina’s bonds experienced an uptick following the Central Bank’s announcement of a series of measures designed to bolster the nation’s … Read more

Argentina Peso

Argentina to swap peso debt to ease US$35-billion default fear

Argentina will give investors the chance to exchange holdings of local debt into new bonds in a bid to ease fears of a default on the government’s US$35 billion of local debt coming due in the second quarter. Economy Minister Sergio Massa said the government would offer investors two swap options to exchange local bonds … Read more