Regional News Argentina and the IMF On Friday, the government of Argentina and the International Monetary Fund (IMF) announced an initial agreement regarding Argentina’s $44.5 billion debt. The agreement, which still needs to be approved by Argentina’s Congress, pledged to start reducing the fiscal deficit and cut the Argentine central bank’s financing of the treasury (i.e., “printing money”). The main points of the agreement are:
Goals of reducing the fiscal deficit to 2.5 percent in 2022, 1.9 percent inf 2023, and 0.9 percent in 2024.
Central Bank assistance to treasury to be reduced to 1 percent of GDP in 2022, 0.6 percent in 2023, and near-zero in 2024.
There were no...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
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