Argentina in talks with IMF to ease reserves targets amid drought: Sources

The move comes as the South American commodities exporter is facing the worst drought in 60 years, which has pummeled soy, corn and wheat crops, compromising already weak foreign exchange reserves.

Reuters

February 25, 2023 / 17:56 IST

IMF

Argentina's government is in final talks with International Monetary Fund officials to ease foreign exchange reserves targets for 2023 under the country's $44 billion program, two sources close to the matter told Reuters.

The move comes as the South American commodities exporter is facing the worst drought in 60 years, which has pummeled soy, corn and wheat crops, compromising already weak foreign exchange reserves.

Reuters

first published: Feb 25, 2023 05:56 pm

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