Argentina Weighing New Loans From Either Investment Funds or IMF
- Financing could pave way for lifting of currency controls
- Argentina seeking to secure financing by February or March
The Central Bank of Argentina in Buenos Aires.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina’s government is evaluating whether to negotiate a loan with two investment funds or seek additional financing from the International Monetary Fund in order to pave the way toward lifting currency and capital controls in the coming months, according to a senior government official.
The government would pursue private financing or fresh IMF funding, but not both, and aims to have it by February or March, according to the official, who asked not to be named discussing internal strategy. The official declined to name the two investment funds negotiating with Argentina, or how much would be loaned.