The country’s central bank further tightened currency controls on Tuesday in a bid to protect its dwindling dollar reserves, triggering a tumble in the black market peso.
“We are currently assessing these measures and will be discussing them with the authorities in the context of our ongoing dialogue,” the IMF said through a spokesman.
The federal budget, also unveiled on Tuesday, aims for a fiscal deficit of 4.5% of gross domestic product in 2021 and an ambitious economic rebound of 5.5%.
Late last month, the government officially requested a new program with the IMF to replace the $57 billion one signed by the previous government in 2018.
Source: Economy - investing.com
