Buenos Aires, January 15 (NA) — The International Monetary Fund (IMF) highlighted the pace of reserve accumulation being carried out by the Central Bank and announced that the review of the ongoing program will take place in February. "The accumulation of reserves began at an accelerated pace, which is very good," said the organization's spokesperson, Julie Kozack, during a press conference in Washington following a report from the Argentine News Agency. The spokesperson highlighted that "purchases exceeded 5% of the volume on most days". From Monday, January 4, over eight trading sessions, the Central Bank bought US$ 515 million. On the other hand, it was announced that the mission for the first review of the ongoing program will be in February, but without a confirmed date yet. Likewise, Kozack said that the program of activities for Kristalina Georgieva at the World Economic Forum in Davos is not yet finalized, so she was not in a position to report on a meeting with President Javier Milei.
IMF Highlights Argentina's Reserve Accumulation and Program Review for February
The International Monetary Fund positively assessed the pace of reserve accumulation by Argentina's Central Bank, noting an accelerated process. It was also announced that the first mission to review the ongoing program will take place in February, although an exact date has not yet been set.