IMF lowers bar for Argentina reserves accumulation, next review due after local October elections 

The International Monetary Fund lowered the bar for Argentina's reserve accumulation targets through 2026 in its $20 billion program and removed a review that was due before the country's October legislative elections.

The moves, detailed in a report published by the IMF on Friday, came as part of the first review of the $20 billion program approved in April. Disbursements of around $14 billion have been made to Argentina so far as part of this new program.

Net international reserves accumulation targets were lowered through 2026, leading to a steeper accumulation curve as the 2027 target was kept in place.