Argentina has reached a $7.5bn agreement with the International Monetary Fund, as it tries to get its troubled economy back on track.
The South American nation has been in negotiations with the Fund for months over its $44 billion loan program. That's the biggest outstanding deal that the IMF has with any country anywhere in the world.
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As countries grappled with the economic fallout from the COVID-19 pandemic in recent years, many turned to global financial agencies for support, including the International Monetary Fund and the World Bank. But in some cases, at least, the agencies’ playbook of reforms and auste ... Show More
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Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble
EU leaders spent the weekend locked in marathon summit talks over Europe’s proposed €750bn response to the coronavirus pandemic, and Albert Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that he cannot budge from his final offer to restru ... Show More
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