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Nation To Make IMF Payment, Seek Price Pacts To Help Rein In Inflation

ARGENTINA
  • Nation will receive funds that will allow it to make a $2.8 billion payment to the IMF amid dwindling net reserves.
  • Argentina’s inflation has multiple causes and the country looks to price pacts to help rein it in, Production Minister Matias Kulfas tells reporters in Buenos Aires. (BBG)
    • “We’re betting that discussions with food companies will lead to a positive result. Let’s do things differently. We’ve tried restrictive monetary policies in the past, they didn’t work. Let’s see if by deepening the discussions and with a plan for price pacts we reach different results,” he said.
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