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Argentina : Second Review under the Stand-By Arrangement; Financing Assurances Review; and Request for Modification of Performance Criterion
Press Release; and Staff Report

Series:Country Report No. 18/374
ISBN 9781484391594
Code: #1ARGEA2018005

Publication year: 2018

Cdn: $25.00; US: $18.00
Paperback
Language: English
78 pages
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The redesigned IMF-supported economic reform program is bearing early results. Financial markets have stabilized since end-September, following the adoption of the new monetary policy framework. After the appreciation of the currency in October, the peso has floated within the non-intervention zone. Short-term interest rates have fallen back to their end-September level. The passage of the 2019 Budget with broad political support has helped solidify confidence in the authorities’ stabilization plan. As a result, demand for Argentine bonds has strengthened and sovereign risk premia have narrowed.
Argentina : Second Review under the Stand-By Arrangement; Financing Assurances Review; and Request for Modification of Performance...
Cdn: $25.00; US: $18.00
International Monetary Fund (IMF) BookID: 124123 Added: 2018.12.28