Argentina's repayment dates to IMF extended by 1yr

Argentina's debt repayment dates to the International Monetary Fund were extended by a year on Friday, the agency said.

The country owes the IMF about $1.1 billion, with six repayment dates that were scheduled to begin Monday. As well, Argentina's government will remove its central bank chief, Alfonso Prat-Gay, replacing him with Deputy Foreign Minister Martin Redrado, said AFX News, citing a government source.

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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