{"id":1961853,"date":"2023-06-30T18:52:02","date_gmt":"2023-06-30T22:52:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/argentina-makes-imf-payment-as-deal-talks-grind-on\/"},"modified":"2023-06-30T18:54:21","modified_gmt":"2023-06-30T22:54:21","slug":"argentina-makes-imf-payment-as-deal-talks-grind-on","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/argentina-makes-imf-payment-as-deal-talks-grind-on\/","title":{"rendered":"Argentina pays IMF as negotiations continue."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fargentina-makes-imf-payment-as-deal-talks-grind-on%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1961853&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>By Rodrigo Campos and Jorge Otaola<\/p>\n<p><strong>NEW YORK\/BUENOS AIRES (Reuters) &#8211;<\/strong> The International Monetary Fund said on Friday that Argentina is current in its payment obligations, after the government said it made a $2.7 billion payment to the fund using its existing stock of the IMF\u2019s reserve assets, and Chinese currency.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>A spokesperson for Argentina\u2019s economy ministry said the June payments were made \u201cwithout using dollars\u201d but instead with the country\u2019s holdings of the fund\u2019s special-drawing rights (SDRs) and Chinese yuan. <\/p>\n<p>The operation is expected to have depleted Argentina\u2019s $1.65 billion in SDRs, according to a central bank source, \u201cwith yuan making up the difference.\u201d<\/p>\n<p>The use of yuan underscores how desperate the country\u2019s dollar position has become. The central bank source said it was \u201cyet another demonstration of the central bank\u2019s liquidity in various currencies.\u201d<\/p>\n<p>As a result of the payment, Argentina\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-freezes-afghan-foreign-reserves-in-u-s-banks\/\" title=\"Treasury freezes Afghan foreign reserves in U.S. banks\">foreign currency reserves<\/a> saw a sharp decrease to around $27.933 billion for end-June, the same source told Reuters, bringing foreign reserves to their lowest since March 2016.<\/p>\n<p>Still, the move gave a boost to Argentina\u2019s markets on the last day of the month, which overall in June saw the stock index tick up nearly 25% and bonds up almost 13%.<\/p>\n<p>The IMF did not respond to requests for comment on the payment method. Reuters reported Thursday the amount and sources of the payment, citing people with direct knowledge.<\/p>\n<p>Both parties are now locked in talks to speed up disbursements from their $44 billion program and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysis-argentina-faces-crunch-imf-talks-to-defuse-looming-debt-bomb\/\" title=\"Argentina must urgently engage in crucial talks with the International Monetary Fund (IMF) to address its impending debt crisis.\">ease economic targets<\/a>, as a major drought continues to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/argentina-makes-imf-payment-as-deal-talks-grind-on\/\" title=\"Argentina pays IMF as negotiations continue.\">hammer vital grains exports<\/a>.<\/p>\n<p>Argentina\u2019s economy ministry said a team will travel to Washington early next week to continue negotiations.<\/p>\n<p>\u201cIMF staff and the Argentine authorities will continue to advance their work in the coming days, with the aim of reaching agreement on the fifth review of the Fund-supported program,\u201d the fund said separately on Friday, after a \u201cstandard informal Executive Board briefing on Argentina\u201d was held Thursday.<\/p>\n<p> (Reporting by Rodrigo Campos, Jorge Otoala, Brendan O\u2019Boyle and Carolina Pulice; Writing by Kylie Madry; editing by Chizu Nomiyama and Diane Craft)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/argentina-makes-imf-payment\/attachment\/file-photo-the-imf-logo-is-seen-outside-the-headquarters-3\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>President Trump Celebrates Independence Day in Pickens, South Carolina<\/h2>\n<p>President Trump is heading to Pickens, South Carolina on Saturday to celebrate Independence Day.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Vivek Ramaswamy Pledges to Take America First Agenda Further<\/h2>\n<p>Vivek Ramaswamy asserted that if he wins the presidential election he will take the America First Agenda even further than Trump did. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Presidential Candidate Vivek Ramaswamy Visits New Hampshire<\/h2>\n<p>Presidential candidate Vivek Ramaswamy takes time to visit and speak with the people of New Hampshire. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>New Hampshire Becomes Hot Spot for GOP Primary Contenders<\/h2>\n<p>New Hampshire is once again the scene of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-dominating-new-hampshire-oolls-desantis-rejected\/\" title=\"Trump leads in New Hampshire polls, while DeSantis faces rejection.\">hotly contested courtship<\/a> between GOP Primary Presidential contenders and GOP voters.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Indian Edtech Startup Byju&#8217;s Seeks Investors<\/h2>\n<p>BENGALURU (Reuters) &#8211; Embattled Indian edtech startup Byju\u2019s is looking for investors to sell a part of its stake in the educational institute\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>UK Government Seeks to Stop Public Inquiry into COVID-19 Response<\/h2>\n<p>By Sam Tobin LONDON (Reuters) \u2013 British Prime Minister Rishi Sunak\u2019s government on Friday asked London\u2019s High Court to stop a public\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Deutsche Bank Services Temporarily Unavailable During Merger<\/h2>\n<p>FRANKFURT (Reuters) \u2013 Some Deutsche Bank customers will not have access to all services this weekend as the bank completes the merger\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>EU Artificial Intelligence Legislation Raises Concerns<\/h2>\n<p>By Supantha Mukherjee STOCKHOLM (Reuters) &#8211; The proposed EU Artificial Intelligence legislation would jeopardise Europe\u2019s competitiveness and technological sovereignty, according to an open\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>government confirmed that the country has fulfilled its payment obligations to the International Monetary Fund by using its reserve assets and Chinese currency. The IMF has acknowledged Argentina&#8217;s compliance with its payment obligations.<\/p>\n","protected":false},"author":66,"featured_media":1961854,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1961853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1961853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1961853"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1961853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1961854"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1961853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1961853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1961853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}