Friday, June 8, 2018

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.
 BBC
8/6/18
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