He International Monetary Fund (FMI) it reduced the reserve accumulation target for Argentina to US$8,000 million by the end of 2023, from the original US$9,800 million.
The agency’s new parameters were published in the agency’s delayed Staff Report, following The fourth revision of the program will be approved on Friday ongoing as of December 31, 2022.
The annual reduction has a quarterly path that concentrates a greater decrease in the first quarter.
According to the organization’s document, as of March 31, the reserve goal is reduced to US$ 1,900 million from the US$ 5,500 scheduled.
On Friday the 31st, the IMF transferred US$5.400 million to Argentina, of which US$2.400 million was returned as part of the payment of two postponed maturities, with which this objective would be fulfilled.
Meanwhile, for the second quarter, the reserve accumulation target is reduced to US$ 6.8 billion, from the previous US$ 8.6 billion.
Finally, in the third quarter, the BCRA must collect US$ 7,200 instead of the US$ 8,700 million expected.
The total international reserves at the close of this Monday amounts to US$ 38,805 million, according to the BCRA.
