In a context of strong economic pressure, the government has ensured a crucial disbursement of funds from the International Monetary Fund (IMP) In the short term, with the objective of strengthening the reserves of the Central Bank in the middle of a marked fall of these and the increase in country risk.
This achievement is registered within the framework of the negotiations between the Argentine government and the international agency, which have advanced towards a technical agreement that could be approved by the Board of Directors of the IMP This Friday.
The economic scenario in Argentina is marked by multiple challenges. The reserves of the Central Bank have been under pressure due to the volatility of the exchange rate, high inflation and restrictions derived from the global context.
At the same time, the country risk, which measures the confidence of investors in the country’s financial landscape, has registered a significant increase, reflecting the economic and political difficulties facing the government.
In this context, the technical agreement with the IMF represents a breath of fresh air for the government and a critical tool to stabilize national finances. According to sources close to the negotiations, the first disbursement of funds would be carried out quickly after the official approval of the Board of Directors of the IMPand amounts are expected to total up to USD 12,000 million.
This financing will be key to strengthening the reserves of the Central Bank, which will allow the demand for currency in the market and reduce the pressure on the exchange rate. Negotiations with the IMF have included a series of commitments by the Argentine government, which seek to generate stability in the short term and point towards sustainable growth in the medium and long term.
Commitment
These commitments have focused on tax adjustments, structural and political measures oriented to economic recovery. While the implementation of these policies implies challenges, the financial support of the IMP It provides a window of opportunity to work on the strengthening of the national economy.
For its part, the IMF has highlighted the importance of this agreement as part of its commitment to member countries and its role in promoting global financial stability. The international agency has underlined the need to combine financial support with structural reforms, with the aim of ensuring a durable positive impact on the Argentine economy.
Followers in Google News And in our channel of Instagramto continue enjoying the latest news and our best content.
