trending Market Intelligence /marketintelligence/en/news-insights/trending/yKPeFyvPyQPmWJl2nqIMFw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

IMF likely to release US$10.9B more to Argentina following review mission

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


IMF likely to release US$10.9B more to Argentina following review mission

The International Monetary Fund should release another $10.87 billion to Argentina under an existing financial stand-by arrangement in the wake of the multilateral agency's latest assessment in the country.

In a March 18 statement, the IMF said that it completed its third mission to review its arrangement with Argentina, and expects its executive board to allow the additional funds to move forward after it examines the review put forward by a team led by Roberto Cardarelli.

The IMF said that it supported the recent measures announced by the central bank to toughen monetary policy, but noted that inflation will remain a challenge, and that "persistence and consistency" will be required to break the cycle.

"We commend the authorities' policy efforts and strong determination to address macro-economic imbalances and advance their economic stabilization plan," Cardarelli said in a statement. However, he stressed that in order to achieve a primary deficit of zero for 2019, greater restriction of public spending will be needed. Fiscal and external deficits were at the heart of the 2018 financial crisis in Argentina, according to the statement.

The IMF's technical team supported the plan to carry out daily auctions of $60 million per day starting in mid-April, in order for the federal government to meet some $9.6 billion in fiscal spending needs.

In terms of economic activity, which dropped 2.6% in 2018 according to official provisional data, the IMF noted that "economic activity has been weak but there are good prospects for a gradual recovery."

Due to weak economic activity and high inflation, the lending agency vouched for an increase in spending on social assistance from 0.2% to 0.3% of GDP.