He the blue dollar was up two pesos on Friday and finished the day at $395 on sale. Meanwhile, with no changes compared to Thursday, the official status ended up at 215 dollars on the boards of Banco Nación.
New in development
The IMF’s three requests to Massa: raise rates, raise the dollar and limit the moratorium
The statement that the International Monetary Fund issued at the end of the meeting of the Executive Board in which it approved the fourth revision of the Extended Facilities agreement and approved a disbursement of US$ 5.4 billion, recognizes the compliance of the Argentine Government for the goals committed for the end of 2022. But it marks the field for Sergio Massa on three fronts forward, if he intends to continue accessing financing. To know more.
The IMF has warned the government that “a stronger package of measures” is needed.
The executive council of the International Monetary Fund has made the reserve target more flexible, but warned the government on Saturday that “a stronger policy package is needed to safeguard stability” and said it was “essential” to maintain the target of 1.9% of the fiscal deficit in 2023, the election year.
It did so after approving the fourth program review with Argentina on Friday and issuing a $5.4 billion disbursement.
The agency also warned that, given that the risk has increased due to the drought, “further macroeconomic policy tightening may be needed” and that for this “political support for program policies continues to be essential in the coming period”. . To know more.
The IMF cuts the reserve target by 2,000 million dollars and calls for more robust policies
Due to the impact of the drought, the International Monetary Fund reduced its reserve target by $3.6 billion as of March 31 and to $2 billion for all of 2023, Economy sources told Clarín, though the the agency will only publish a technical report with the exact amounts in the next few hours.
The executive committee of the agency approved the fourth revision of the program with Argentina on Friday and gave the go-ahead for a disbursement of 5.4 billion dollars. On Saturday, it issued a statement warning the government that “stronger policies are needed to safeguard program stability,” along with other warnings. To know more.
The blue dollar closed at $395 on Friday
The parallel market dollar was up one peso closer to Friday’s close and finished the day at $395, two pesos higher than on Thursday.
Source: Clarin
