IMF approves $3.8 billion for Argentina

Country has met most key targets, but 2022 inflation now projected to top 100%

Central Bank of Argentina
Central Bank of Argentina
Banco Central de la República Argentina

The International Monetary Fund approved $3.8 billion in funding for Argentina on October 7, the third tranche of funding from a $44 billion, 30-month package approved last March.

In a statement, the fund’s executive board said that Argentina had met targets for reserves accumulation and reducing monetary financing.

The news came one day after the Central Bank of Argentina (BCRA) published its survey of market expectations, with a median forecast of 100.3% inflation for 2022. The median core

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