![]() While its lack of backlight might turn some folks off from it, it’s meant to be easier on the eyes so you can focus solely on your writing or sketching. Using the stylus to take handwritten notes is super fluid and feels like writing on paper, with even the same satisfying scratchiness as paper.Īt 4.7mm thin and just 14 ounces, it’s extremely portable and easy to hold. Specifically, it’s a “paper tablet” on which you can digitally take notes, sketch and write using a stylus it dubs as the Marker or Marker Plus (the Marker Plus has a built-in eraser, while the Marker does not). ReMarkable 2 is hailed as “the world’s thinnest tablet,” according to the ReMarkable website. Most of the cash would be used to pay the fund back.Īrgentina surprisingly announced in January a debt buyback despite depleted hard currency reserves - a move that Moody's considered a default, while S&P and Fitch did not.Ī top IMF official later said the fund would "prefer not to have actions that undermine the reserve accumulation that we're assuming in the program.Your CNN account Log in to your CNN account The current loan arrangement was worth $44 billion when it was agreed in early 2022 to replace a failed $57 billion program from 2018. The review is now pending board approval, after which some $5.3 billion would be made available to Argentina. SCARCE RESERVESĪrgentina's net reserves stood at around $4.2 billion at the end of February, according to calculations from Buenos Aires-based firm FMyA. ![]() ![]() "The IMF is acknowledging that the macroeconomic backdrop has become more challenging, especially considering the severe drought," said Gordian Kemen, a New York-based head of EM sovereign strategy at Standard Chartered.Įven so, he said, it was unclear how Argentina would be able to "re-accelerate reserve accumulation later", especially with pressure to spend ahead of elections slated for October. Reuters previously reported that Argentina was looking to lower the bar on the reserves targets agreed with the IMF, including by linking the targets to its exports. The IMF said that the country would need to strengthen its policy package in the face of the drought to ensure stability, rein in annual inflation running near 100% and address what it called "recent policy setbacks". 3 for corn, is facing the worst drought in at least six decades, combined with repeated heat waves. It said adjustments would be focused on early 2023 and would help adapt the program for the "impact of the increasingly severe drought", while also taking into account plans by the country to save dollars by cutting spending on energy imports.Īrgentina, the world's biggest exporter of soymeal and soyoil and the No. The IMF staff said that adjustments were being requested to key targets to build up foreign currency reserves, which has been hampered by a major drought gripping the grains producing nation that has hurt exports of soy, corn and wheat. ![]() LONDON/NEW YORK, March 13 (Reuters) - The International Monetary Fund (IMF) and Argentina reached a staff-level agreement on the fourth review of their $44 billion loan program, the IMF said in a statement on Monday, confirming that some economic targets for the country could be eased.
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