Argentine officials are poised to make a decision by year-end regarding the potential renegotiation of terms associated with a US$20-billion agreement with the International Monetary Fund, including stipulations related to foreign reserves, as per reports. A report indicated that the Central Bank governor mentioned Argentina’s intention to renegotiate reserve requirements; however, the individual clarified that … Read more
The International Monetary Fund has called on Argentina to expedite the buildup of its international reserves, a primary point of contention raised by both the lender and various analysts regarding the nation’s economic strategy. At a press briefing on Thursday, IMF spokesperson Julie Kozack noted the rationale behind the petition, noting that a recent “improvement … Read more
This week’s Central Bank data reveals that the United States Treasury has divested the pesos acquired prior to the mid-term elections, realizing a substantial profit, according to Argentine economists. If accurate, this would bolster the U.S. government’s position that it is not providing gratuitous financial assistance to Argentina. Nonetheless, it has raised concerns in both … Read more
The economic outlook for Argentina is generating divergent views among prominent institutions. The International Monetary Fund maintains its growth forecast for 2025, in contrast to the World Bank, Organisation for Economic Cooperation and Development, and private analysts, who have revised theirs downward. The IMF has maintained its forecast of 5.5 percent growth for 2025, commending … Read more
For Scott Bessent’s US$20-billion wager on Argentina to yield positive results, numerous factors must align favorably – factors that historically, in Argentina, have often not aligned as intended. The US Treasury secretary unveiled a support measure on Thursday aimed at stabilizing the nation’s financial markets amid escalating turmoil, while also assisting a key political ally … Read more
On Wednesday, Argentine short-term interest rates surged as the government intensified its measures to protect the peso, exacerbating a liquidity crisis that is constraining an already vulnerable economy. The yield on local government Lecap notes due November 28 increased to 87 percent from 74 percent on Tuesday and from 51 percent at the end of … Read more
The managing director of the International Monetary Fund, Kristalina Georgieva, stated that the success of Argentina’s program is contingent upon popular support. “Argentina is implementing a significant adjustment program,” Georgieva stated on Wednesday at the 2025 Annual Meetings held at the Milken Institute in Washington, DC. “The success is going to be based on carrying … Read more
The leader of the International Monetary Fund provided a renewed endorsement for Argentina on Friday, aligning with the Trump administration’s initiatives to bolster President Javier Milei ahead of the country’s midterm elections scheduled for later this month. IMF Managing Director Kristalina Georgieva indicated that she had discussions with US Treasury Secretary Scott Bessent regarding “extensive … Read more
Twenty months into President Javier Milei’s tenure, during which he promised to spearhead a free-market revolution in the so-called sick man of South America, the agricultural sector is encouraging him to advance his agenda further. This encompasses Rubén Artigues and his orchards located in the La Buena Moza region, situated two hours northwest of the … Read more
The recently published staff report on Argentina from the International Monetary Fund (IMF) indicates that the national administration under President Javier Milei is dedicated to implementing extensive reductions in social policies and altering the methodology used to calculate inflation. Last week, the lender of last resort sanctioned a US$2 billion disbursement to the country, as … Read more