Argentina abandons monetary financing to secure IMF support

The Central Bank of Argentina
Javier Pierini

The Central Bank of Argentina (CBRA) abandoned its financing of the government as one of the conditions to secure the support of the International Monetary Fund, governor Federico Sturzenegger said in a press conference on June 7.

The CBRA’s inflation targets for the next four years will actually be raised as part of the deal. The staff-level IMF standby arrangement also demands that Argentina’s government reduce inflation, grant greater independence to the central bank and reduce its budget

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: