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The IMF completed the second review of Argentina's stand-by arrangement and approved a request to modify a performance criterion. The staff report covers stabilisation, fiscal discipline, inflation and debt sustainability.
IMF program approval supports confidence in the peso and reduces near-term default risk, which can stabilise Argentine currency and export flows for soy meal and oil.
elibrary.imf.orgInternational Monetary Fund. Western Hemisphere Dept.Dec 19, 2018Not enough comparable past events yet for a historical read.
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.
