Argentina Signals to Investors IMF Cash to Come Despite Reserves

Argentina signals to investors IMF cash to come despite reserves

Argentina expects to receive a US$2-billion disbursement from the IMF next month, regardless of whether nation hits target for rebuilding foreign reserves.

As part of the new programme announced in April, the Argentine Monetary Authority committed to pooling around US$ 4.4 bi in international reserves liquid between the end of March and mid-June.The Argentine authorities signalled investors in London last week, which expected to receive a $2 billion disbursement from the International Monetary Fund in the next month, regardless of whether they did not meet the goal of recompositioning international…