Loading…
The IMF Executive Board approved a three-year US$50 billion Stand-By Arrangement for Argentina. An immediate US$15 billion disbursement is available, with the rest subject to quarterly reviews.
The program aims to restore market confidence, reduce inflation and put public debt on a downward path.
A large IMF backing supports the peso and reduces currency risk, which can lower the peso cost of Argentine export sales and change farmer selling incentives for soy and grain.
doi.orgInternational Monetary Fund. Western Hemisphere Dept.Jan 1, 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.
