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EconomyGovernment
14 December 2023, 4:37 am 1 minute
Reuters exclusively reported that Argentina is set to receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a $913 million payment due to the IMF next week, two sources familiar with the matter told Reuters. Argentina, whose $44 billion International Monetary Fund programme makes it the largest debtor to the fund, is due to make the capital payment on Dec. 21.
Market Impact
On Tuesday, Caputo announced a slate of economic measures including a more than 50% devaluation of the peso to 800 per U.S. dollar and energy and transportation subsidy cuts in a bid to dig the country out of a deep economic crisis.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Economy & PolicyGovernment & Public Services
Regions: Americas
Countries: Argentina
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story