Central Banking

Argentina cabinet chief rejects analysis in IMF report

Argentina’s fiscal expansion ‘increasingly relied on central bank financing’– IMF

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Argentina's flag

The Argentinian government has rejected the assessment of its economy in the International Monetary Fund's latest regional economic outlook, which called for the authorities to address "distortions and imbalances".

The report said the South American country needs "tighter macroeconomic policies, a weaker exchange rate and less microeconomic distortion to lay the foundation for a return to stability and growth."

Argentina's macroeconomic imbalances "remain significant, following an extended

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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