# IMF vows ‘full support’ for Argentina amid economic crisis | Business and Economy | Al Jazeera

> The IMF pledged full support for Argentina as it seeks to overcome its economic crisis, and an IMF delegation will meet Argentine officials Tuesday to agree a revised economic plan. The peso dropped 13.5 percent against the dollar on Thursday, and protests against austerity continued.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/63824-imf-vows-full-support-for-argentina-amid-economic-crisis-business-and-economy
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The outcome of IMF talks will shape Argentina's currency path and export selling, which matters for world soymeal and corn pricing.

## Read by commodity

- SBM: neutral
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-03-03 | [President Fernandez tries to slay Argentina’s inflation dragon \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/54375-president-fernandez-tries-to-slay-argentina-s-inflation-dragon-business-and.md) | -1.9% | +7.7% |
| SBM | 2018-08-31 | [Argentina peso firms as central bank intervenes, IMF voices support](https://feedsoft.ai/events/63818-argentina-peso-firms-as-central-bank-intervenes-imf-voices-support.md) | +4.2% | +1.3% |
| SBM | 2024-06-12 | [Argentina economy snapshot: central bank dollar buying spree slows](https://feedsoft.ai/events/30079-argentina-economy-snapshot-central-bank-dollar-buying-spree-slows.md) | +0.8% | +2.6% |
| SBM | 2017-07-21 | [Argentine peso has further to fall \| Capital Economics](https://feedsoft.ai/events/70226-argentine-peso-has-further-to-fall-capital-economics.md) | -2.5% | -10.4% |
| SBM | 2018-12-20 | [Factbox: Four reasons why Argentina's economy buckled in 2018 \| Reuters](https://feedsoft.ai/events/61830-factbox-four-reasons-why-argentina-s-economy-buckled-in-2018-reuters.md) | -1.3% | +2.4% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2018/8/31/imf-vows-full-support-for-argentina-amid-economic-crisis

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