Argentina, IMF in talks about manouvers to deliver fresh cash to speed up its exit from capital controls.
Argentina is talking with the International Monetary Fund about the outline of a possible new programme that would bring fresh cash to speed up its exit from capital controls, according to a senior government official.
The Fund is pushing the government to let the currency devalue faster under its so-called “crawling peg”, and keep interest rates above inflation, currently running around 250 percent, the official said, asking not to be identified discussing sensitive talks.
President Javier Milei’s governemnt says it wants to get rid of the country’s capital controls, and more IMF money offers the fastest route to that.
SOURCE: www.batimes.com.ar