# IMF, Argentina reach staff deal on loan reviews to unlock $7.5 billion | Reuters

> The IMF and Argentina reached a staff-level agreement on loan reviews that could unlock about $7.5 billion. Argentina has introduced more peso exchange rates to stop reserve losses, which the program will need waivers to accommodate.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/35333-imf-argentina-reach-staff-deal-on-loan-reviews-to-unlock-7-5-billion-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Access to IMF funds could stabilize the peso and reduce pressure for export-linked currency moves, which may modestly ease Argentine soymeal and corn export pricing.

## Read by commodity

- SBM: neutral
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-09-26 | [IMF and Argentina Authorities Reach Staff-Level Agreement on  First Review Under the Stand-By Arrangement](https://feedsoft.ai/events/63330-imf-and-argentina-authorities-reach-staff-level-agreement-on-first-review-under.md) | +1.6% | +1.5% |
| SBM | 2023-04-25 | [Argentina vows to battle peso slide towards 500 per dollar in black market By Reuters](https://feedsoft.ai/events/36675-argentina-vows-to-battle-peso-slide-towards-500-per-dollar-in-black-market-by.md) | -1.7% | -6.7% |
| SBM | 2024-09-16 | [Argentina's draft 2025 budget foresees 5% GDP growth \| Reuters](https://feedsoft.ai/events/28583-argentina-s-draft-2025-budget-foresees-5-gdp-growth-reuters.md) | +0.7% | +0.4% |
| SBM | 2021-06-25 | [Crisis deferred? Argentina's Paris Club deal trims IMF default risk](https://feedsoft.ai/events/46846-crisis-deferred-argentina-s-paris-club-deal-trims-imf-default-risk.md) | +8.2% | +3.9% |
| SBM | 2026-01-13 | [To unlock growth, Argentina should reduce its export taxes - Atlantic Council](https://feedsoft.ai/events/13815-to-unlock-growth-argentina-should-reduce-its-export-taxes-atlantic-council.md) | -1.9% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/imf-argentina-reach-staff-deal-loan-reviews-unlock-75-bln-2023-07-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.