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...
Latam 8 November 18
LATAM8 Brief Reports |
Back to
Back to :
Latam 8 November 18
The IMF closed a new deal with Argentina, adding USD 6.0 billion to the existing stand-by credit, now totaling USD 56.3 billion. While the government took several months to find a response to the crisis, it now seems to finally managed, with the support of the IMF, to put together a policy package that can succeed in stabilizing the Peso and pave the way for an improvement in the external and fiscal deficits. The image of the Government is 38% lower than year ago, at the lowest level since Macri took office.