Reuters ahead with news that Argentina’s government is in talks with the IMF on foreign reserve targets – Reuters News Agency

Reuters reported first that Argentina’s government was in talks with the International Monetary Fund to lower its foreign exchange reserve targets for this year under its $44 billion program with the Washington-based lender. The talks come as the South American commodities exporter is facing the worst drought in 60 years, which has seen hard-currency revenues come under pressure and with its reserves in focus after the government announced in January a debt buyback of its overseas bonds of up to $1 billion.