EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

The Argentinian peso slips as investors await the International Monetary Fund (IMF) board's decision on the country's loan program, while stocks rise; Brazil approves fiscal rules to prevent public debt spike; South Africa announces expansion mechanisms for BRICS nations.

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8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

The Argentinian peso weakened against the dollar on the black market while stocks rose as investors awaited the approval of Argentina's loan program by the International Monetary Fund (IMF) board, following a staff level agreement in July.

8/23/2023

Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources

Argentina plans to use a $7.5 billion disbursement from the International Monetary Fund (IMF) to repay China part of the money it borrowed through a currency swap line, in order to avoid defaulting on its debt to the multilateral lender.

8/23/2023

Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

Brazil's finance minister has proposed using Chinese yuan guarantees to reduce trade risks with Argentina, as the country faces a dollar shortage and its currency, the peso, continues to perform poorly in the global market.

8/24/2023

EMERGING MARKETS-Most Latam FX slip as dollar pops; Chile's peso hits 3-week high

Latin American currencies are under pressure from a strong dollar as traders await remarks from Federal Reserve Chair Jerome Powell on U.S. interest rates, while the Chilean peso reaches a three-week high; meanwhile, Argentina stocks are seen as a "safeguard of value" amid economic turmoil, but the country faces opposition to joining the BRICS bloc.

9/15/2023

Argentina Faces Uncertain Future with IMF Amid Calls for Stricter Reforms

Argentina and the International Monetary Fund (IMF) face challenges as the country enters a recession, misses economic targets, and struggles with inflation, prompting calls for stricter conditions and deeper structural reforms from the IMF.

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Posted 8/23/2023, 3:41:30 PM

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

yahoo.com

Relevant topic timeline:

8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

8/23/2023

Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources

8/23/2023

Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

8/24/2023

EMERGING MARKETS-Most Latam FX slip as dollar pops; Chile's peso hits 3-week high

9/15/2023

Argentina Faces Uncertain Future with IMF Amid Calls for Stricter Reforms