BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI BRIEF: Fed's Kashkari: 1-2 Years Before Inflation Hits 2%

KASHKARI: WILL TAKE A YEAR OR TWO TO RESTORE 2% INFLATION

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

Homebuilding Set To Keep Softening As Pullback In Permits Continues

Employment Insurance -2.8% In April But +15% From Year Earlier

MNI: US Q1 CURRENT ACCOUNT GAP -$237.6B

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

IMF Decides Disbursement Amount, Economic Activity Data Due

ARGENTINA
  • Following meetings on Tuesday, Economy Minister Massa has confirmed that the Inter-American Development Bank have approved loans for Argentina worth some $1.3bn. Massa is also meeting with officials from the International Monetary Fund for talks over Argentina's $44bn debt programme. Reports have suggested that Massa expects the IMF to approve a $7.5 billion disbursement later today, alongside a $2.75 billion payment from the IMF in November pending a staff-level review.
  • Argentine economic activity likely fell for a third consecutive month in June, locking in a GDP contraction in Q2. The drought is expected to have driven another sharp year-on-year contraction in agricultural output in June.
  • Analysts have noted that earlier data has indicated weak performances in key sectors. Manufacturing activity fell 1.3% from May and 2.3% from a year earlier. Construction contracted 1.5% in the month and 2.8% from June 2022. Overall exports plunged 35.4% year over year in June. Data is due at 2000BST/1500ET:
    • June Economic Activity Index Y/y, est. -3.7%, prior -5.5%; M/m prior -0.1%
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.