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Exclusive-Argentina in Talks With IMF to Ease Reserves Targets Amid Drought – Sources

By Jorgelina do Rosario and Jorge Otaola

LONDON (Reuters) – 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.

The move comes as the South American commodities exporter is facing the worst drought in 60 years, which has pummeled soy, corn and wheat crops, compromising already weak foreign exchange reserves.

(Additional reporting by Adam Jourdan. Editing by Mark Potter)

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