- Title: Argentina targets $20 bln IMF deal as markets wobble
- Date: 27th March 2025
- Summary: PARIS, FRANCE (MARCH 27, 2025) (REUTERS) FRENCH PRESIDENT, EMMANUEL MACRON, ADDRESSING JOURNALISTS (SOUNDBITE) (French) FRENCH PRESIDENT, EMMANUEL MACRON, SAYING: "Everyone knows the vicissitudes of these 75 years, but the systematic nature of the prosecutions against opposition and civil society figures, the attacks on freedom of information and assembly, the arrest and d
- Embargoed:
- Keywords: Argentina IMF President Javier Milei economy inflation
- Location: BUENOS AIRES, ARGENTINA
- City: BUENOS AIRES, ARGENTINA
- Country: Argentina
- Topics: South America / Central America,Government/Politics
- Reuters ID: LVA001215327032025RP1
- Aspect Ratio: 16:9
- Story Text: Argentina is targeting a $20 billion deal with the International Monetary Fund, Economy Minister Luis Caputo said on Thursday (March 27), formally putting a figure on the long-mooted program for the first time as he looks to calm local market jitters.
The South American grains-producing nation, which has been battling triple-digit inflation, depleted reserves and rising debt, has been in talks with the IMF for months, though neither side had previously put a number on the planned deal.
A new program would be the country's 23rd with the IMF if approved, and is seen helping bolster the central bank's reserve levels, strengthening the government of libertarian Javier Milei and defusing debt repayment risks in the years ahead.
Argentina's markets have wobbled in the last week amid question marks over the IMF deal and fears over a potential faster devaluation of the peso currency, currently held in check by strict capital controls and a so-called "crawling peg."
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