Illustration of Argentina's Central Bank building with US dollar bills and rising reserve charts
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Central bank buys US$112 million as reserves hit highest level since 2019

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Argentina's Central Bank purchased US$112 million in the foreign exchange market on Tuesday, lifting gross international reserves to US$47.908 billion.

Prime Minister Mostafa Madbouly chaired the Economic Ministerial Group meeting in the New Administrative Capital to review the IMF reform programme, inflation and investment reforms.

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Ethiopia has reached a staff-level agreement with the IMF on the fifth review of its economic reform program following an in-person visit and virtual talks.

The International Monetary Fund (IMF) kept its 2026 growth forecast for South Korea unchanged at 1.9 percent despite the Middle East crisis. The institution raised its inflation outlook for this year by 0.7 percentage point to 2.5 percent, citing rising global oil prices. The Ministry of Economy and Finance said strong exports and effects from a supplementary budget kept the growth outlook steady.

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Brazil's Finance Minister Dario Durigan begins his first overseas trip this week to attend the IMF spring meetings in Washington from April 13 to 18. The agenda covers global economy topics and the war's impacts in the Middle East. He will meet counterparts from China, France, and the Netherlands.

Argentina's country risk closed on Thursday, February 5, 2026, at 516 basis points, up 14 units from the previous day, amid global volatility and the arrival of an IMF mission. Argentine assets on Wall Street fell up to 8.5%, while sovereign bonds showed mixed results. Experts attribute the rise mainly to international factors rather than local deteriorations.

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Argentina's country risk rose 14 basis points on February 5, 2026, amid international tensions and the arrival of an IMF technical team for the second review of the country's credit agreement. This followed a drop below 500 points for the first time in eight years the prior week. Stocks fell up to 8% and the official dollar declined 5 pesos.

 

 

 

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