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Argentina bolsters reserves with loans

Argentina bolsters reserves with loans

March 22, 2023 | Charles Newbery
Central bank gets $680 mln from CAF and CABEI and carries out a $1 bln currency swap with China

Corporate & Sovereign Strategy Economy & Policy CAF International Financial Institutions Loans Argentina China

Argentina's central bank said late Monday it received $680 million from two international development banks for bolstering its foreign currency reserves, while the local media reported that $1 billion has been made available from China's central bank through a currency swap. The local central bank said the Latin American development bank CAF provided $285.4 million, while the other $395 million came from the Central American Bank for Economic Integration, according to two brief press releases. T

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