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ARGENTINA: Government Hoping To Secure New Financing In Q1

ARGENTINA
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  • The government is considering whether to negotiate a loan with two investment funds or seek additional financing from the IMF to pave the way to lifting currency and capital controls in the coming months, according to a senior government official. The government will pursue one option or the other but not both, the official said, and is hoping to have the financing in place by February or March. Last month, Economy Minister Caputo said that he is seeking to reach an IMF deal within the first four months of this year, adding that he hoped it includes fresh funding.
  • On the data front, tax revenue came in at ARS 13.015tn in December, according to figures released late yesterday, broadly unchanged from ARS 13.026tn the month before. Over the whole year, the government collected ARS 131.36tn. No macro data are due today, with domestic vehicle sales, the latest BCRA analyst survey and November IP and construction activity to follow next week. Separately, domestic fuel prices are set to increase by around 1.75% today, according to local media reports.
  • In other news, Venezuelan politician Edmundo González will meet with President Milei on Saturday, according to a report from Infobae on Thursday, quoting official sources.
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  • The government is considering whether to negotiate a loan with two investment funds or seek additional financing from the IMF to pave the way to lifting currency and capital controls in the coming months, according to a senior government official. The government will pursue one option or the other but not both, the official said, and is hoping to have the financing in place by February or March. Last month, Economy Minister Caputo said that he is seeking to reach an IMF deal within the first four months of this year, adding that he hoped it includes fresh funding.
  • On the data front, tax revenue came in at ARS 13.015tn in December, according to figures released late yesterday, broadly unchanged from ARS 13.026tn the month before. Over the whole year, the government collected ARS 131.36tn. No macro data are due today, with domestic vehicle sales, the latest BCRA analyst survey and November IP and construction activity to follow next week. Separately, domestic fuel prices are set to increase by around 1.75% today, according to local media reports.
  • In other news, Venezuelan politician Edmundo González will meet with President Milei on Saturday, according to a report from Infobae on Thursday, quoting official sources.