# Crisis deferred? Argentina's Paris Club deal trims IMF default risk

> Argentina's Paris Club debt deal has reduced the risk of an IMF default, according to the report. The country has been in a foreign currency debt crisis since 2019 and defaulted on private debt last year before a restructuring of more than $100 billion.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/46846-crisis-deferred-argentina-s-paris-club-deal-trims-imf-default-risk
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Easing default risk supports Argentina's ability to keep exporting soybeans, meal and corn and to access import financing, which could modestly cushion global soymeal supply concerns. The effect on feed prices is marginal.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-07-28 | [IMF, Argentina reach staff deal on loan reviews to unlock $7.5 billion \| Reuters](https://feedsoft.ai/events/35333-imf-argentina-reach-staff-deal-on-loan-reviews-to-unlock-7-5-billion-reuters.md) | -2.3% | -8.1% |
| SBM | 2021-02-09 | [Argentine oilseed crushers ease export tax hike fears with deal](https://feedsoft.ai/events/48456-argentine-oilseed-crushers-ease-export-tax-hike-fears-with-deal.md) | -2.0% | -5.1% |
| SBM | 2026-10-23 | [Risks to peso as Argentine elections loom](https://feedsoft.ai/events/17347-risks-to-peso-as-argentine-elections-loom.md) | -3.9% | — |
| SBM | 2023-11-27 | [Can Argentina really move from the peso to the dollar? - BBC Money](https://feedsoft.ai/events/33461-can-argentina-really-move-from-the-peso-to-the-dollar-bbc-money.md) | -5.8% | -11.3% |
| SBM | 2019-11-29 | [Argentina’s currency controls: Tough lessons and tough decisions \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/56334-argentina-s-currency-controls-tough-lessons-and-tough-decisions-business-and.md) | +1.9% | +0.5% |
| SOY | 2025-01-27 | [Agriculture will face renewed challenges in Argentina](https://feedsoft.ai/events/13884-agriculture-will-face-renewed-challenges-in-argentina.md) | -1.3% | -2.5% |
| SOY | 2020-08-18 | [Argentina Mulls Cutting Export Tax for Soy Meal: Industry Group](https://feedsoft.ai/events/51434-argentina-mulls-cutting-export-tax-for-soy-meal-industry-group.md) | -1.4% | +8.7% |
| SOY | 2019-04-22 | [Seeds of discontent: Argentina's farmers turn cool on their man Macri](https://feedsoft.ai/events/59435-seeds-of-discontent-argentina-s-farmers-turn-cool-on-their-man-macri.md) | -3.0% | -6.7% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/crisis-deferred-argentinas-paris-club-deal-trims-imf-default-risk-2021-06-25/

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