Official sources in the Argentine government have told the Herald that they consider the country’s deal with the IMF has fallen through. A spokesperson for the IMF also alluded to ongoing renegotiations with the government. The deal includes an economic program that Argentina must comply with in order to receive disbursements every three months, which are then used to pay for the previous debt with the IMF. The government missed the first-quarter fiscal deficit target agreed with the IMF by 56% and an economy ministry taskforce was set to travel to Washington D.C. later this week to meet IMF authorities in order to continue negotiations over the redefinition of the agreement. Earlier in April, IMF head Kristalina Georgieva explicitly acknowledged the severity of the drought’s impact on Argentina’s economy.

Source: Bueno Aires Herald April 26, 2023 10:56 UTC