Argentina : Second Review under the Stand-By Arrangement; Financing Assurances Review; and Request for Modification of Performance Criterion-Press Release; and Staff Report
Author/Editor:
International Monetary Fund. Western Hemisphere Dept.
Publication Date:
December 19, 2018
Electronic Access:
Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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.
Series:
Country Report No. 18/374
English
Publication Date:
December 19, 2018
ISBN/ISSN:
9781484391594/1934-7685
Stock No:
1ARGEA2018005
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
78
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