News of international reserves

Central Bank reserves drop to lowest level since 2016

03-05-2023 12:44 Central Bank reserves slump to their lowest level since October 2016 as institution plunders state coffers to defend struggling peso.

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.

Argentina’s US$44-billion IMF deal gets latest staff approval seal

03-12-2022 08:07 Third review of nation's US$44-billion debt programme now goes to the IMF’s executive board for approval, which is expected to meet this month; Upon completion, Argentina will have access to about US$6 billion, the IMF said.

Next round of IMF talks complicated by weak reserves

26-08-2022 11:09 In September, Argentina will sit down with the IMF to discuss the objectives pledged for the second half of the year. Two variables will be under the microscope: inflation and the Central Bank’s level of dollar support. The technocrats responding to Kristalina Georgieva will not accept creative accountancy. Agreements with foreign banks to beef up reserves are on the cards.

Miguel Ángel Pesce: ‘The IMF agreement reduces uncertainty’

04-02-2022 01:08 Miguel Ángel Pesce, head of Argentina’s Central Bank, on the IMF deal, the currency swap with China and President Alberto Fernández’s chances of re-election.

by Jorge Fontevecchia