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The IMF published the staff report and press release for the first review of Argentina's $44 billion Extended Fund Facility arrangement approved in March 2022. The review covers inflation, public finances, reserve coverage and energy subsidies, and includes a request to modify performance criteria.
IMF program conditions shape Argentina's policy on reserves, subsidies and currency, which influences peso stability and the country's export selling pace for grains and meal.
elibrary.imf.orgJun 24, 2022Not enough comparable past events yet for a historical read.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
