As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
Changes in Foreign Exchange Restrictions Begin
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Changes in Foreign Exchange Restrictions Begin
First week
June 2022
The government knows that with an FX spread of 70/80% it is very difficult for the economy to find a balance, even if it is precarious. If we add fiscal and monetary issues to that, the imbalance is even more serious. To remove the restrictions on the FX market, even partially, in some sectors one must either have dollars or be prepared to bear a devaluation that would undoubtedly feed inflation that is already quite out of control.