# IMF unlocks $5.4 bln in funds to Argentina, boosting reserves | Reuters

> Reuters reports the IMF unlocked about $5.4 billion for Argentina after approving a request to ease reserve targets. The excerpt is fragmentary and the reserve effect is described only briefly.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37161-imf-unlocks-5-4-bln-in-funds-to-argentina-boosting-reserves-reuters
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Fresh IMF funds ease near-term pressure on Argentina's peso and grain export policy, reducing the risk of forced crop-sale disruption and supporting steady soymeal supply.

## Read by commodity

- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-10-10 | [Argentina's beleaguered peso sinks to new low as election looms \| Reuters](https://feedsoft.ai/events/33934-argentina-s-beleaguered-peso-sinks-to-new-low-as-election-looms-reuters.md) | +4.8% | +18.2% |
| SBM | 2018-08-30 | [Argentina crisis: Peso crashes to record low amid IMF plea](https://feedsoft.ai/events/63822-argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.md) | +2.9% | +2.0% |
| SBM | 2022-06-28 | [Argentina's economic crisis whack-a-mole goes into overdrive \| Reuters](https://feedsoft.ai/events/41227-argentina-s-economic-crisis-whack-a-mole-goes-into-overdrive-reuters.md) | +2.3% | +0.9% |
| SBM | 2018-08-30 | [Argentina Hikes Interest Rate To 60 Percent In Bid To Halt Currency's Fall : NPR](https://feedsoft.ai/events/63823-argentina-hikes-interest-rate-to-60-percent-in-bid-to-halt-currency-s-fall-npr.md) | +2.9% | +2.0% |
| SBM | 2018-05-14 | [IMF says supports Argentina floating exchange rate as peso tumbles](https://feedsoft.ai/events/65309-imf-says-supports-argentina-floating-exchange-rate-as-peso-tumbles.md) | -1.7% | -8.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/imf-unlocks-funds-argentina-boosting-reserves-25-bln-data-source-2023-03-31/

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