News of international monetary review

IMF approves US$800 million for Argentina as Milei eyes new deal

13-06-2024 20:06 IMF executive board approves latest review of Argentina's multi-billion-dollar loan programme, paving way for release of US$800 million in fresh funds.

IMF DEBT PROGRAMME

IMF endorses Milei austerity, paves way for new funds

13-05-2024 13:05 Multilateral lender signs off on eighth review but says Milei government has put US$44-billion programme “firmly back on track”; Argentina to receive US$800 million in funds to make upcoming loan payment.

ECONOMIC ASSESSMENT

IMF: Argentina meeting programme targets by ‘significant margins’

22-04-2024 11:53 Milei’s stabilisation plan "has yielded better results than we expected in our last programme review," says Rodrigo Valdés, IMF's director for Latin America and the Caribbean.

IMF DEBT DEAL

IMF toughens stance, questions Massa's measures

09-11-2023 19:42 Directors on multilateral lender's board reportedly concerned by dramatic loss of reserves as they toughen criticism of Argentina’s government.

WARNING FROM FUND

IMF warns Argentina not to dawdle on incremental economic reform

14-10-2023 07:47 Argentina has no time to make gradual economic adjustments as it faces soaring consumer prices and its sixth recession in a decade, says top IMF official.

PASO REACTION

Argentina seeks larger IMF disbursement after 18% devaluation

14-08-2023 22:16 Argentina intends to ask the International Monetary Fund to increase a disbursement planned for later this month by an unspecified amount

BLOOMBERG

Argentina’s net reserves at record low, savings in the spotlight

10-07-2023 18:18 Argentina's Central Bank's net reserves have fallen into record negative territory, intensifying investor concerns about a possible run on the financial system.

IMF REVIEW

IMF makes concession, trims Argentina’s reserves target

04-04-2023 16:18 International Monetary Fund grants government request and decides to trim annual reserves accumulation target by US$1.8 billion, acknowledging impact of drought on foreign currency inflows.

IMF DEBT PROGRAMME

IMF calls for ‘stronger policy package’ from Argentina

02-04-2023 09:14 International Monetary Fund calls on government to adopt "a stronger policy package" in the face of economic crisis and historic drought.

IMF DEBT PROGRAMME

IMF board approves US$5.3-billion loan disbursement for Argentina

31-03-2023 19:48 International Monetary Fund’s executive board on Friday approved a US$5.3-billion disbursement to Argentina, a key step forward in the government’s programme that’s faced setbacks amid a worsening economic outlook.

IMF DEBT REVIEW

IMF ready to ease targets after review of Argentina's debt deal

13-03-2023 21:11 International Monetary Fund confirms staff-level agreement with Argentina on fourth review of debt programme and calls for “modification of net international reserve accumulation target”; News paves way for new US$5.3-billion disbursement later this month.

IMF DEBT PROGRAMME

IMF sees ‘policy setbacks’ in review of US$44-billion deal

13-03-2023 20:01 International Monetary Fund calls on Argentina to make stronger efforts to address foreign reserve losses, galloping inflation and other “policy setbacks” amid a severe drought that’s hitting the commodities sector.

IMF DEBT DEAL

Argentina seeks fresh IMF approval – and US$5 billion in funds

21-02-2023 15:58 Top officials head to Washington for talks with IMF over latest quarterly review; Government needs to boost reserves amid strong foreign currency outflows and punishing drought that has wrecked agricultural harvest projections.

DEBT DEAL

IMF board approves US$6 billion in fresh funds for Argentina

23-12-2022 00:50 International Monetary Fund announces that its board of directors has signed off on third review of Argentina's debt assistance programme and releases new US$6-billion disbursement of funds.

IMF DEBT PROGRAMME

IMF clears way for latest US$6-billion disbursement

03-12-2022 23:17 "Prudent macroeconomic management and efforts to mobilise external financing are supporting stability," declares IMF mission team as latest staff review is signed off.

Central Bank reserves

Argentina to brings back exchange rate that led to IMF exception

26-11-2022 08:01 Economy Minister Sergio Massa to revive 'soy dollar' currency measure to boost soy exports and prop up Central Bank reserves that generated backlash from the International Monetary Fund.