Hoy comenzaron las licitaciones de dólares del Tesoro. Las reglas acordadas con el FMI no dan margen para la discrecionalidad. Se venderán US$ 60 millones por día hasta completar el total de US$ 9,600 millones en el año.
This year began better than expected for the Argentine economy but the release of January’s inflation figure in mid-February, which was higher than expected (2.9% m/m, while the market was expecting 2.5%), meant a turning point.
The IMF staff and local authorities reached an agreement on the 3rd review of the program. Still subject to the approval of the Executive Board, Argentina will access to US$10.87 billion in the coming weeks.