Last Friday, the IMF published the agreement at the technical level corresponding to the first review of the EFF program with Argentina.
The S&P Merval starts upward week, as well as the dollar bonds operating on Wall Street, this Monday, August 4. The Government will receive on Monday the second disbursement of the International Monetary Fund for US $ 2,000 million and decided that it will execute an internal debt operation between the Ministry of Economy and the Central Bank.
Last Friday, the IMF published the agreement at the technical level corresponding to the first review of the EFF program with Argentina. “The update introduces two relevant changes: a downward review of the accumulation goals of net reserves and the passage of quarterly to semiannual revisions. The goal of net reserves for the end of 2027, of US $ 22,900 million, remains unchanged,” they said from Max Capital.
They also stressed that the “most significant” modification is the reduction of US $ 5,000 million in the accumulation target of net reserves by 2025, although the long -term objective remains intact.
Besides, The government formally vetoed the retirement increase, the extension of the moratorium and the emergency law in disability. As anticipated, today the Veto was published in the Veto Bulletin to the projects approved by Congress at the beginning of July, whose estimated fiscal cost was equivalent to 1% of the annual GDP. The Government ratified its rejection, arguing the negative effect on fiscal balance.
News in development.-
Source: Ambito
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