IMF
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.
The Ad Hoc Committee of Bondholders has reached an agreement in principle with Ethiopia to restructure $880 million in debt while criticizing the IMF and official creditors for flawed projections that prolonged a sovereign default.
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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.
US Treasury Secretary Scott Bessent praised President Javier Milei's management in an interview at the Institute of International Finance, highlighting reserve accumulation and ten million people escaping poverty.
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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.
Hassan Abdalla, governor of Egypt's Central Bank, joined the second AlUla Conference for Emerging Market Economies, stressing that the bank's role is not to push the currency up or down but to build a resilient policy framework. He outlined Egypt's economic reform program launched in March 2024, noting inflation's drop from around 40% to nearly 12%. He also highlighted improvements in key economic indicators amid global challenges.
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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.
Ethiopia secures IMF staff-level agreement for fifth review of economic reform program
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