The agency raised the country’s debt rating from Ca to Caa3 but warned of ‘significant risks’ to its ability to cover payments
Economics
Judge Preska also ordered the country to provide banking data on consular, diplomatic and military accounts abroad
So far, 45% of the harvest has been sold, leaving over 10 million tons in the hands of producers.
Economy Minister Luis Caputo said the move was ‘temporary’ in a joint press conference with Manuel Adorni
The visit comes days after an ‘excellent’ meeting between Georgieva and Milei, who said a new deal could fast forward eliminating currency controls
Argentina Central Bank spent US$619m containing exchange gap in first half of January
The intervention raises questions about what conditions the IMF might put on money from a potential new deal
After meeting with Milei, the Fund director also announced that IMF staff will visit the country next week
New systems will allow holders of Argentine accounts to pay for goods in foreign currency by debit card or QR code
YPF case: Argentina ordered to reveal location of Central Bank gold
Judge Preska called for information on the country’s coffers, which the government has contended is ‘confidential’