# IMF and Argentina Authorities Reach Staff-Level Agreement on  First Review Under the Stand-By Arrangement

> The IMF and Argentina's authorities reached a staff-level agreement on the first review of the 36-month Stand-By Arrangement. The revision front-loads IMF financing, adding US$19 billion through end-2019 and raising total program access to US$57.1 billion through 2021.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/63330-imf-and-argentina-authorities-reach-staff-level-agreement-on-first-review-under
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger, front-loaded IMF package eases near-term financing stress in Argentina, a major soybean and corn exporter, which may support export selling pressure and lift the peso while drought losses remain a factor for feed grain flows.

## Read by commodity

- SBM: neutral
- CORN: neutral
- USDARS: bearish ▼

## 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 | 2022-06-24 | [Argentina: First Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Argentina in: IMF Staff Country Reports Volume 2022 Issue 192 (2022)](https://feedsoft.ai/events/41229-argentina-first-review-under-the-extended-arrangement-under-the-extended-fund.md) | +8.4% | +1.0% |
| SBM | 2021-05-28 | [The relationship between the upcoming EU-level initiatives on horizontal mHREDD and on forest-risk commodities - Nova BHRE](https://feedsoft.ai/events/47104-the-relationship-between-the-upcoming-eu-level-initiatives-on-horizontal-mhredd.md) | -0.7% | -10.7% |
| SBM | 2025-06-18 | [Country risk classification under the EUDR and its impact on implementation - Cecafé](https://feedsoft.ai/events/24245-country-risk-classification-under-the-eudr-and-its-impact-on-implementation.md) | -2.9% | -5.5% |
| SBM | 2021-07-19 | [New Argentina biodiesel law to weigh on international soyoil prices -industry \| Financial Post](https://feedsoft.ai/events/46141-new-argentina-biodiesel-law-to-weigh-on-international-soyoil-prices-industry.md) | -2.0% | -1.0% |
| CORN | 2018-02-05 | [The Renewable Fuel Standard (RFS): Waiver Authority and Modification of Volumes](https://feedsoft.ai/events/66363-the-renewable-fuel-standard-rfs-waiver-authority-and-modification-of-volumes.md) | +0.1% | +2.6% |
| CORN | 2016-12-21 | [The Renewable Fuel Standard (RFS): Waiver Authority and Modification of Volumes](https://feedsoft.ai/events/73345-the-renewable-fuel-standard-rfs-waiver-authority-and-modification-of-volumes.md) | -0.3% | +2.2% |
| CORN | 2022-03-02 | [Understanding the Agricultural Biotechnology Provisions in the U.S.-Mexico-Canada Agreement \| IATP](https://feedsoft.ai/events/42273-understanding-the-agricultural-biotechnology-provisions-in-the-u-s-mexico.md) | +1.5% | +6.2% |

## Sources

- imf.org: https://www.imf.org/en/news/articles/2018/09/26/pr18362-argentina-imf-and-argentina-authorities-reach-staff-level-agreement

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