IMF Reaches Staff Level Agreement with Argentina
The IMF has reached a staff level agreement with Argentina regarding an updated macroeconomic framework. The agreement would allow the troubled nation to access $4.03bn in funds from the multilateral lender. The IMF said that targets relating to “the primary...
Argentina’s Province Bonds Outperform Sovereign Bond
Dollar bonds of Argentina’s provinces like Cordoba, Neuquen, Mendoza and Chubut are among the top gainers in April and in Q1, outperforming the sovereign government’s dollar bonds. In Q1, some of the provincial bonds rallied about 13% while the government...
IMF Approves $44bn Argentina Deal; $9.66bn to Be Disbursed Immediately
The IMF board approved a new $44bn debt deal with Argentina. The deal replaces a failed $57bn program from 2018, for which Argentina still owes over $40bn to the IMF, Reuters notes. An amount of ~$9.66bn will be disbursed immediately. IMF’s Managing Director...
