# Argentina: Request for Stand-By Arrangement-Press Release and Staff Report

> 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.

- Date: 2018-01-01 · published 2018-01-01T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/66851-argentina-request-for-stand-by-arrangement-press-release-and-staff-report
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- doi.org: https://doi.org/10.5089/9781484367551.002

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