Latest news with #economicprogram
Reuters
01-08-2025
- Business
- Reuters
IMF lowers bar for Argentina reserves accumulation, next review due after local October elections
NEW YORK, Aug 1 (Reuters) - The International Monetary Fund lowered the bar for Argentina's reserve accumulation targets through 2026 in its $20 billion program and removed a review that was due before the country's October legislative elections as detailed in a report published Friday. Net international reserves accumulation targets were lowered through 2026, leading to a steeper accumulation curve as the 2027 target was kept in place. "The NIR accumulation target for end-December 2025 has been lowered to mainly reflect the initial shortfalls, which are gradually being addressed through the agreed corrective actions," the report said. The announcement came a day after the IMF board completed the first review of the $20 billion program approved in April. Disbursements of around $14 billion have been made for Argentina so far as part of this new program. "While early efforts to re-access international capital markets are commendable, Argentina's capacity to repay its Fund obligations remains subject to exceptional risks and continues to hinge on strong policy implementation to improve reserve coverage and sustain market access (at more favorable terms) by the time repayments to the Fund come due," said the report from IMF staff.
Reuters
27-05-2025
- Business
- Reuters
IMF reaches agreement under first review of $1.4 billion El Salvador program
May 27 (Reuters) - The International Monetary Fund said on Tuesday it had reached an agreement with El Salvador to disburse about $120 million, following the first review of a $1.4 billion 40-month program. The disbursement is subject to approval by the IMF executive board. In February, the IMF approved the $1.4 billion extended fund facility arrangement for El Salvador. "Most program targets set for the first review were comfortably met, and implementation of the structural benchmarks is progressing well," the IMF said in a statement. In March, the country separately secured a $500 million loan from the Inter-American Development Bank to shore up its budget.
Washington Post
22-05-2025
- Business
- Washington Post
Trump's tax bill plan adds to federal debt, prompting investor backlash
Investor unease over President Donald Trump's economic program drove the government's borrowing costs to their highest level in nearly two decades, following House approval of tax legislation that is expected to add trillions of dollars to the ballooning U.S. national debt. The yield or interest rate on the 30-year Treasury bond briefly topped 5.1 percent Thursday morning, reflecting investors' demands for greater compensation in return for lending money to the U.S. government.
