Argentina's government is in final talks with International Monetary Fund officials to ease foreign exchange reserves targets for 2023 under the country's $44 billion program, two sources close to the matter told Reuters.
A spokesperson for the IMF declined to comment as the technical work is still ongoing.
Meanwhile, Economy Minister Sergio Massa met with IMF Managing Director Kristalina Georgieva on the sidelines of the Group of 20 meetings in Bengaluru, India. The world's top exporter of soy oil and meal is also facing a rise in import costs of energy and fertilizers due to the war in Ukraine, adding pressure to much-needed dollar reserves.
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