© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas
NEW YORK (Reuters) – The International Monetary Fund and Argentina reached a staff-level agreement on the fourth review of their $44 billion program, the IMF said in a statement on Monday.
The IMF staff and Argentine authorities requested IMF Board approval to revisions of reserve targets at the central bank, given the severe drought affecting the grains-exporting country.