Government faces US$800 million IMF payment, eyes Central Bank dollars

The government faces an interest payment of around US$800 million to the International Monetary Fund (IMF) on Monday, with limited dollar reserves in Treasury accounts and a new disbursement still waiting approval. To meet the obligation, the Economy Ministry is considering using its dollar deposits or purchasing foreign currency from Argentina’s Central Bank (BCRA, in Spanish). The payment comes just days after IMF staff reached a technical agreement with Argentina on the third review of the country’s program , which could unlock a disbursement of approximately US$900 million. However, the…