IMF loan: Argentina again wants to raise tariffs on grain exports

The Argentine government today unveiled its plans to restore the state budget for next year. Thereafter, the grain exports should again be covered by export duties. In addition, a number of ministries are to be closed. The International Monetary Fund (IMF) has pledged $ 50 billion to the South American country. Argentina has introduced a general export tax to cover the high budget deficit. After a strong dive of the peso, head of state Mauricio Macri demanded on Monday a contribution from the exporters to overcome the current financial crisis.
The Argentine currency has lost more than 70 percent of its value against the dollar over the past five months. The president also announced a drastic cut in his government team: According to the number of ministers shrink from 19 to less than half.
The new export taxes in Argentina seem to be around ten percent. This allows the state to cover half of the current budget deficit.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich