Argentina intends to ask the International Monetary Fund to increase a disbursement planned for later this month by an unspecified amount, according to a senior government official
The funds will be aimed at improving productivity and agricultural exports following the effects of the drought, and to boost the country’s dwindling reserves
An IMF announcement on Argentina’s upcoming staff-level agreement, which is expected as early as today, will mention an August disbursement figure of $7.3 billion, but not the one in November
Praetorian Capital believes that the South American country’s economy has “bottomed out” and that a cycle of recovery will begin with the change of government this year
Debt has surpassed 60% of GDP, and has increased by 4.4% in foreign currency and almost 90% in pesos since the start of President Alberto Fernández’s administration
