IMF agrees to loan up to $50bn for Argentina

IMF agrees to loan up to $50bn for Argentina
 

The International Monetary Fund has agreed to lend Argentina up to $50bn (£37.2bn) as the country seeks to bolster its struggling economy.
The three-year agreement must still be approved by the IMF board.
Argentina, which has been plagued by economic problems for years, asked for assistance from the IMF on 8 May after its currency hit an all-time low.
The country has committed to tackle its double digit inflation and public spending as part of the deal.
"The [Argentine] authorities have indicated that they intend to draw on the first tranche of the arrangement, but subsequently treat... read more

 
8 June 2018 in World News, Views: 61
Source: BBC
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