The coffers of central bank closed this Friday, March 25, at $43,321 million, a figure that denotes a increment of U$S 6,309 millions compared to the closure reported on Wednesday 23.
The surplus is due to the immediate shift that the IMF board enabled by approving the new conditions of the agreement with Argentina. By virtue of the foregoing, the country pocketed US$9,656 million which will be used (in part) to strengthen BCRA reserves.
The IMF board approved the agreement with Argentina and authorized a disbursement of US$9.65 billion
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Martín Guzmán together with the director of the IMF, Kristalina Georgieva.
Axes of the new agreement: inflation and reserves
When announcing the new pact with Argentina, the international organization highlighted on more than one occasion the need for the country to strengthen its reserves.
In one of the items that make up the recently approved program, the directors emphasize that it is a priority “reduce persistently high inflation and rebuild international reserves.
CA CP