The government achieved the IMF reserve target for the third quarter

The central fact – which could underpin a new decision by Palacio de Hacienda in this regard – is the effect of the “soybean dollar”, a program to encourage liquidation in recent weeks. On that day, BCRA finalized $317 million in purchases.

Although the level of net reserves is less than the $6,425 million required by the agency, BCRA will add to the accounts payments that the IMF will make in the first days of October.

The International Monetary Fund itself warned the northern governors yesterday that there is no room to “modify” the current program and that Argentina must comply with the signed goals. The “recommendation” came in Washington by the director of the agency’s western department, Ilan Gulfdgan, who received a delegation of provincial leaders visiting the United States in search of investments.

On October 7, the agency’s board of directors confirmed its meeting to move forward with the corresponding technical review for the second quarter in which $3,900 million will be disbursed.

According to a high-ranking official source, the state achieved the goals of the monetary problem and fiscal deficit, but did not do so in terms of reserves, with a narrow margin of nearly 300 million US dollars.

However, as far as you know Domain, The government agreed with the International Monetary Fund not to request a “waiver”, because at the time of the meeting there will also be access to information on the record of reserves for the third quarter, data that confirms today the achievement of the goal.

Although the government just canceled $2.6 billion for the IMF in September, about 24 hours before the next IMF board meeting, it will cancel another $1.2 billion and a week later another $615 million.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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