Weekly Report - 10 August 2023 (WR-23-32)

ARGENTINA | Qatar boosts finances. The government revealed on 4 August that it had obtained a US$775m bridging loan from Qatar to meet a debt repayment to the International Monetary Fund (IMF). The bridging finance comes as Argentina continues to face crisis-level shortages of foreign currency. According to the latest central bank (BCRA) data, gross currency reserves fell 40% in a year to reach US$24.02bn now, while net reserves are negative at minus US$7bn.