Thursday, September 28, 2023
HomeEconomyArgentine delegation to travel to U.S. for IMF talks next week -...

Argentine delegation to travel to U.S. for IMF talks next week – sources

USD/CNY
-0.%

Add to/Remove from Watchlist

Add to watch list
Add position

Location successfully added to:

Combination

purchase

Sell
date:

1:

Jorge Otaola

The delegation originally planned to visit in June at the earliest.

Latin America’s third-largest economy intends to change its spending schedule for the rest of the year amid surging inflation, a weak peso and record-breaking growth. The drought has hampered agricultural exports and reduced the central bank’s dollar reserves.

“Negotiations are going well and our team will be there (in Washington) for the full week next week. We’re very close (to a deal),” the source said, speaking on condition of anonymity. The source said.

Through a spokesman, the fund said current discussions were focused on supporting the building of reserves and improving fiscal stability “while acknowledging the impact of the drought”. sex.

Grupo SBS said in a report that renegotiations with the IMF depended on changing the currency devaluation to boost the exchange rate, but “the government still refuses to “.

In June, Argentina was forced to use the IMF to repay $2.7 billion in IMF debt. Final Special Drawing Rights (SDR) reserves and 25 Renminbi

currency swap so as not to weaken its dollar reserves.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LAST NEWS

Featured NEWS