Georgieva says Argentina needs permanent fix to FX problems

Central Bank of Argentina
Central Bank of Argentina, Buenos Aires
Photo: Banco Central de la República Argentina

The International Monetary Fund’s executive board agreed to disburse $3.8 billion in funding for Argentina on October 7.

This was the third tranche of funding from a $44 billion, 30-month package approved last March. The board said Argentina had met targets for reserves accumulation and reducing monetary financing.

The Argentine government actually exceeded its target under the IMF programme for building up foreign exchange reserves, having missed its previous quarterly goal.

The news came

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