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

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.