Argentina’s US$870mil boost of IMF holdings points to US aid


Data from the lender is likely to indicate a new form of US financial aid to Javier Milei’s government. — Bloomberg

BUENOS AIRES: Argentina’s holdings at the International Monetary Fund (IMF) jumped last month by the same amount that the US government’s assets declined, as data from the lender is likely to indicate a new form of US financial aid to Javier Milei’s government. 

In October, Argentina’s special drawing rights (SDRs), the IMF’s reserve asset, increased by 640.8 million SDRs (US$870mil), while US holdings fell by the same amount compared to September, according to data published on the IMF’s website.

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