Market participants are positioning themselves for a depreciation of the Argentine peso in anticipation of Milei’s impending agreement with the IMF. Investors are anticipating another potential devaluation of Argentina’s peso, as the currency appears ready to shift trajectory once again, having transitioned from one of the weakest in the world in 2023 to one of the … Read more
The International Monetary Fund’s executive board has approved a US$4.7-billion disbursement to the government of Argentine President Javier Milei, according to a person with direct knowledge of the matter. The payments are part of a refinanced US$44-billion programme, the lender’s largest, that was beset by uncertainty for months during the election campaign that saw Milei … Read more
International Monetary Fund confirms it has reached staff-level agreement with Argentina on fourth review of US$44.5-billion debt programme and calls for “modification of net international reserve accumulation target” due to economic impact of drought; Decision paves way for new tranche of US$5.3 billion in the near future. The International Monetary Fund (IMF) announced Monday that … Read more