The International Monetary Fund’s executive board will meet Friday to discuss Senegal’s debt misreporting case, a spokesperson said https://t.co/l8ArLySHpg ...

Leer en español Most Read from Bloomberg The Trump administration’s $20 billion lifeline for Argentina leans on a Treasury fund that’s been successfully used to bail out troubled allies in the past – but it could still carry risks for US taxpayers. Treasury Secretary Scott Bessent floated the idea of a rescue package this week, saying he’s prepared to deploy the agency’s Exchange Stabilization Fund to help Argentina. Bessent said the US could offer swap lines and purchases of currency or government bo ...

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent's pledge of "large and forceful" actions to stabilize Argentina's wobbling currency by using a 91-year-old U.S. crisis fund could help the peso find its footing, at least for a while. Bessent's backstop for Argentina with Treasury's occasionally used $219.5 billion Exchange Stabilization Fund sent the peso and other Argentine assets soaring after major losses last week. But he said decisions on any U.S. interven ...

Funding Needs - The International Monetary Fund has persuaded Ukraine's government to significantly increase its projections of additional funding needed through the end of 2027 [1] - The increased funding projections are due to the protracted Russia's invasion [1]

Core Insights - The US is reinforcing its presence in Latin America by supporting Argentina's President Javier Milei, who is seen as a strategic geopolitical ally [2][4] - Milei's government is taking measures to stabilize the peso, including a temporary halt on agricultural export tariffs, which have generated $4.1 billion in tax revenue this year [3][5] - The US Treasury Secretary has pledged to provide various stabilization options to Argentina, which may include currency swap lines and direct currency repurchases [6][7] Economic Measures - Milei's administration has spent over $1 billion in foreign reserves to defend the peso, leading to a 4% gain in the currency after a period of decline [5][13] - The IMF has a $20 billion program with Argentina, and US support is seen as crucial for promoting stabilization and growth [11][12] - Argentina is facing a liquidity crisis rather than a solvency crisis, with concerns about political sustainability affecting market access [10] Political Context - Milei's recent electoral challenges include a significant defeat in a provincial election and rising disapproval ratings, raising concerns about his governance ability [14][15] - The upcoming midterm elections on October 26 will be a critical test for Milei, as his party's lead over the Peronist opposition has diminished [14][15] - Analysts suggest that a successful meeting between Milei and US officials could bolster investor confidence and Argentinian assets [15] Market Reactions - Following Milei's announcements, investor panic subsided, leading to a rebound in Argentina's dollar bonds and stock index [5][15] - The economic recovery under Milei has shown signs of faltering, with forecasts indicating potential declines in output and elevated unemployment [16]

The situation in Ukraine is making the IMF uncomfortable. It can only lend to countries that will be able to repay—and support from America and Europe is less certain https://t.co/7CX9curBMH ...

The International Monetary Fund agreed to prolong Zambia’s existing program to allow it to conclude the final review and prepare for a potential extension https://t.co/x9SeqiUHUy ...

El Salvador's president and Bitcoin advocate @nayibbukele says his government buys 1 BTC per day. The IMF says it doesn't.Who's wrong? https://t.co/yAitU9PY7X ...

Funding Needs - The IMF estimates Ukraine's funding needs over the next two years could be up to $20 billion higher than Kyiv's government estimates [1]

Ukraine’s central bank held the benchmark interest rate for a fourth meeting as inflation remains high and the nation seeks more aid from the International Monetary Fund to shore up its war-time budget https://t.co/4XRPv7pl5n ...