LatinNews Daily - 03 October 2022

In brief: Argentina’s Massa optimistic about IMF targets

*Argentina’s economy minister, Sergio Massa, has said that he is “more than optimistic” about meeting International Monetary Fund (IMF) fiscal and foreign currency reserve targets in the third quarter of 2022, as laid out in the Extended Fund Facility (EFF) arrangement agreed in March. Argentina recently boosted its foreign currency reserves by introducing a preferential exchange rate for soybean exporters for the month of September. According to the economy ministry, the measure “highly exceeded expectations”, bringing in US$8.12bn – far above the expected US$5bn.

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