EM: Argentina reaches agreement with IMF - agreement good for next 3 years - ConsultFX

EM: Argentina reaches agreement with IMF - agreement good for next 3 years

Standby agreement with IMF reached, for next 36 months - IMF says preliminary financing deal is $50bn - Covers deficit targets  - CPI targets - Autonomy of central bank strengthened (Central Bank of the Argentine Republic, BCRA) This will relieve at least some pressures on Argentina and by extension likely other EMs