{"id":66343,"date":"2025-08-05T15:16:48","date_gmt":"2025-08-05T18:16:48","guid":{"rendered":"https:\/\/safras.com.br\/es\/?p=66343"},"modified":"2025-08-05T15:19:02","modified_gmt":"2025-08-05T18:19:02","slug":"acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg","status":"publish","type":"post","link":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/","title":{"rendered":"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes &#8211; BTG"},"content":{"rendered":"<p>Los analistas de BTG Pactual consideran que el programa de Argentina con el Fondo Monetario Internacional (FMI) tuvo un buen inicio, con avances en disciplina fiscal, reducci\u00f3n de inflaci\u00f3n y la transici\u00f3n hacia un r\u00e9gimen cambiario m\u00e1s flexible. A pesar de estos progresos, permanecen desaf\u00edos importantes.<\/p>\n<p>En particular, se incumpli\u00f3 el objetivo de acumulaci\u00f3n de reservas en junio por m\u00e1s de US$ 3.500 millones, lo que llev\u00f3 a un ajuste a la baja en las metas, reduciendo la exigencia para diciembre en US$ 6.500 millones, aunque el FMI espera que Argentina alcance el objetivo final para 2027.<\/p>\n<p>En este contexto, el BCRA deber\u00eda asumir un papel m\u00e1s activo y previsible en la compra de divisas para apoyar las reservas. En materia de pol\u00edtica monetaria, el FMI reclama mayor claridad y ajustes para el mediano plazo, destacando la volatilidad en las tasas de inter\u00e9s y tipo de cambio de la actual estrategia. Recomienda mantener condiciones monetarias estrictas y mejorar la gesti\u00f3n de liquidez.<\/p>\n<p>\u00abEl programa con el FMI avanza pero sigue habiendo riesgos relevantes, especialmente en la acumulaci\u00f3n de reservas y el marco monetario. La estabilidad cambiaria reciente es un signo positivo, pero ser\u00e1 fundamental ajustar las pol\u00edticas y acelerar reformas tras las elecciones para sostener la recuperaci\u00f3n econ\u00f3mica y cumplir con las metas pactadas con el Fondo\u00bb, indica el informe.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los analistas de BTG Pactual consideran que el programa de Argentina con el Fondo Monetario Internacional (FMI) tuvo un buen inicio, con avances en disciplina fiscal, reducci\u00f3n de inflaci\u00f3n y la transici\u00f3n hacia un r\u00e9gimen cambiario m\u00e1s flexible. A pesar de estos progresos, permanecen desaf\u00edos importantes. En particular, se incumpli\u00f3 el objetivo de acumulaci\u00f3n de [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":65863,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[444],"tags":[445],"commodity":[],"class_list":["post-66343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias-financieras","tag-fmi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes - BTG - SAFRAS &amp; Mercado<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes - BTG - SAFRAS &amp; Mercado\" \/>\n<meta property=\"og:description\" content=\"Los analistas de BTG Pactual consideran que el programa de Argentina con el Fondo Monetario Internacional (FMI) tuvo un buen inicio, con avances en disciplina fiscal, reducci\u00f3n de inflaci\u00f3n y la transici\u00f3n hacia un r\u00e9gimen cambiario m\u00e1s flexible. A pesar de estos progresos, permanecen desaf\u00edos importantes. En particular, se incumpli\u00f3 el objetivo de acumulaci\u00f3n de [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/\" \/>\n<meta property=\"og:site_name\" content=\"SAFRAS &amp; Mercado\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-05T18:16:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-05T18:19:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Horacio Vera\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Horacio Vera\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/\"},\"author\":{\"name\":\"Horacio Vera\",\"@id\":\"https:\/\/safras.com.br\/es\/#\/schema\/person\/8a6e0df178260e340253292bf04da747\"},\"headline\":\"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes &#8211; BTG\",\"datePublished\":\"2025-08-05T18:16:48+00:00\",\"dateModified\":\"2025-08-05T18:19:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/\"},\"wordCount\":249,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/safras.com.br\/es\/#organization\"},\"image\":{\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg\",\"keywords\":[\"fmi\"],\"articleSection\":[\"Noticias Financieras\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/\",\"url\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/\",\"name\":\"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes - BTG - SAFRAS &amp; Mercado\",\"isPartOf\":{\"@id\":\"https:\/\/safras.com.br\/es\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg\",\"datePublished\":\"2025-08-05T18:16:48+00:00\",\"dateModified\":\"2025-08-05T18:19:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage\",\"url\":\"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg\",\"contentUrl\":\"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg\",\"width\":1920,\"height\":1440,\"caption\":\"Argentina bandera\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/safras.com.br\/es\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes &#8211; BTG\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/safras.com.br\/es\/#website\",\"url\":\"https:\/\/safras.com.br\/es\/\",\"name\":\"SAFRAS & Mercado\",\"description\":\"El ecosistema de agronegocios\",\"publisher\":{\"@id\":\"https:\/\/safras.com.br\/es\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/safras.com.br\/es\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/safras.com.br\/es\/#organization\",\"name\":\"SAFRAS & Mercado\",\"url\":\"https:\/\/safras.com.br\/es\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/safras.com.br\/es\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2023\/01\/cropped-favicon.png\",\"contentUrl\":\"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2023\/01\/cropped-favicon.png\",\"width\":512,\"height\":512,\"caption\":\"SAFRAS & Mercado\"},\"image\":{\"@id\":\"https:\/\/safras.com.br\/es\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/safras.com.br\/es\/#\/schema\/person\/8a6e0df178260e340253292bf04da747\",\"name\":\"Horacio Vera\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/safras.com.br\/es\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bc30669cd90fb2e21304f48bfae82357e2f9224933e78600478745d017747a8f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bc30669cd90fb2e21304f48bfae82357e2f9224933e78600478745d017747a8f?s=96&d=mm&r=g\",\"caption\":\"Horacio Vera\"},\"url\":\"https:\/\/safras.com.br\/es\/author\/sf_horacio\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes - BTG - SAFRAS &amp; Mercado","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/","og_locale":"es_ES","og_type":"article","og_title":"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes - BTG - SAFRAS &amp; Mercado","og_description":"Los analistas de BTG Pactual consideran que el programa de Argentina con el Fondo Monetario Internacional (FMI) tuvo un buen inicio, con avances en disciplina fiscal, reducci\u00f3n de inflaci\u00f3n y la transici\u00f3n hacia un r\u00e9gimen cambiario m\u00e1s flexible. A pesar de estos progresos, permanecen desaf\u00edos importantes. En particular, se incumpli\u00f3 el objetivo de acumulaci\u00f3n de [&hellip;]","og_url":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/","og_site_name":"SAFRAS &amp; Mercado","article_published_time":"2025-08-05T18:16:48+00:00","article_modified_time":"2025-08-05T18:19:02+00:00","og_image":[{"width":1920,"height":1440,"url":"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg","type":"image\/jpeg"}],"author":"Horacio Vera","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Horacio Vera","Tiempo de lectura":"2 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#article","isPartOf":{"@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/"},"author":{"name":"Horacio Vera","@id":"https:\/\/safras.com.br\/es\/#\/schema\/person\/8a6e0df178260e340253292bf04da747"},"headline":"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes &#8211; BTG","datePublished":"2025-08-05T18:16:48+00:00","dateModified":"2025-08-05T18:19:02+00:00","mainEntityOfPage":{"@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/"},"wordCount":249,"commentCount":2,"publisher":{"@id":"https:\/\/safras.com.br\/es\/#organization"},"image":{"@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage"},"thumbnailUrl":"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg","keywords":["fmi"],"articleSection":["Noticias Financieras"],"inLanguage":"es","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/","url":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/","name":"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes - BTG - SAFRAS &amp; Mercado","isPartOf":{"@id":"https:\/\/safras.com.br\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage"},"image":{"@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage"},"thumbnailUrl":"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg","datePublished":"2025-08-05T18:16:48+00:00","dateModified":"2025-08-05T18:19:02+00:00","breadcrumb":{"@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#primaryimage","url":"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg","contentUrl":"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2025\/06\/Argentina-bandera.jpg","width":1920,"height":1440,"caption":"Argentina bandera"},{"@type":"BreadcrumbList","@id":"https:\/\/safras.com.br\/es\/acuerdo-con-el-fmi-muestra-buen-inicio-aunque-con-desafios-importantes-btg\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/safras.com.br\/es\/"},{"@type":"ListItem","position":2,"name":"Acuerdo con el FMI muestra buen inicio, aunque con desaf\u00edos importantes &#8211; BTG"}]},{"@type":"WebSite","@id":"https:\/\/safras.com.br\/es\/#website","url":"https:\/\/safras.com.br\/es\/","name":"SAFRAS & Mercado","description":"El ecosistema de agronegocios","publisher":{"@id":"https:\/\/safras.com.br\/es\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/safras.com.br\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/safras.com.br\/es\/#organization","name":"SAFRAS & Mercado","url":"https:\/\/safras.com.br\/es\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/safras.com.br\/es\/#\/schema\/logo\/image\/","url":"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2023\/01\/cropped-favicon.png","contentUrl":"https:\/\/safras.com.br\/es\/wp-content\/uploads\/2023\/01\/cropped-favicon.png","width":512,"height":512,"caption":"SAFRAS & Mercado"},"image":{"@id":"https:\/\/safras.com.br\/es\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/safras.com.br\/es\/#\/schema\/person\/8a6e0df178260e340253292bf04da747","name":"Horacio Vera","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/safras.com.br\/es\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bc30669cd90fb2e21304f48bfae82357e2f9224933e78600478745d017747a8f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bc30669cd90fb2e21304f48bfae82357e2f9224933e78600478745d017747a8f?s=96&d=mm&r=g","caption":"Horacio Vera"},"url":"https:\/\/safras.com.br\/es\/author\/sf_horacio\/"}]}},"_links":{"self":[{"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/posts\/66343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/comments?post=66343"}],"version-history":[{"count":2,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/posts\/66343\/revisions"}],"predecessor-version":[{"id":66345,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/posts\/66343\/revisions\/66345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/media\/65863"}],"wp:attachment":[{"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/media?parent=66343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/categories?post=66343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/tags?post=66343"},{"taxonomy":"commodity","embeddable":true,"href":"https:\/\/safras.com.br\/es\/wp-json\/wp\/v2\/commodity?post=66343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}