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Nation Aims To Send IMF Deal To Congress From This Week: Fernandez

ARGENTINA
{AR}Argentina's Fernandez Says In Annual Address To Congress:
  • Argentina's biggest problem is inflation
  • Argentina economy grew 10.3% in 2021
  • Nation has reached a staff agreement with IMF with deal refinancing prior debt with IMF. Argentina to start repaying IMF debt in 2026 under new accord
  • Argentina's deal with IMF avoids austerity, includes spending
  • Argentina's IMF deal won't include a pension reform
  • Argentina needs to organize its monetary, fiscal policy
  • Argentina will remove energy subsidies for 10% richest users
  • Argentina energy fee hikes will remain below salary increases
  • Argentina's IMF deal won't include a labor reform
  • Argentina continues negotiating some formal details of IMF deal and will send IMF deal to congress with full details.
  • Argentina received confirmation from China of swap expansion. The swap expansion will boost FX stability (ALL BBG)

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