Has the IMF found a way forward for Argentina?
Withdrawing monetary financing would put pressure on government budget, analysts warn
The International Monetary Fund (IMF) and Argentine authorities announced on January 28 an agreement to refinance the country’s hefty debt load with the fund.
Although observers acknowledge it offers a path toward macroeconomic stability, the deal does not include specific parameters such as GDP growth goals or changes in the tightly controlled exchange rate. Additionally, the initial agreement still needs to be ratified by the IMF’s executive board and the Argentine Congress.
This new deal
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