|
"A comprehensive, collaborative elections resource."
|
IMF agrees to loan up to $50bn for Argentina
|
Parent(s) |
Container
|
Contributor | IndyGeorgia |
Last Edited | IndyGeorgia Jun 09, 2018 03:19pm |
Logged |
0
|
Category | News |
Author | BBC |
News Date | Friday, June 8, 2018 09:00:00 PM UTC0:0 |
Description | 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 the loan as precautionary," the IMF said in a statement on Thursday. |
Share |
|
2¢
|
|
Article | Read Full Article |
|
Date |
Category |
Headline |
Article |
Contributor |
|
|