* Argentina’s central bank (BCRA) has announced that it has received an instalment of US$5.63bn from the International Monetary Fund (IMF), following the 26 October approval by the IMF Executive Board of new terms for the Stand-By Agreement (SBA) reached with the Argentine government. The SBA gives Argentina a US$56.3bn credit over the next three years; in return, Argentina has committed to reach a primary fiscal balance in 2019, a measure that will require structural budget adjustments. According to BCRA figures, thanks to this instalment Argentina’s international reserves have now reached US$54.04bn, with these increasing by a total of US$6.14bn since 29 October.
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