IMF agrees to lend Argentina US$50 billion

The International Monetary Fund has agreed to lend Argentina up to US$50 billion 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 May 8 after its currency hit an all-time low.
The country has committed to tackling its double digit inflation and public spending as part of the deal.

comments powered by Disqus
More Stories
Most Popular
Local animation studios attend content trade...
Bank execs pull out of conference in Saudi...
Oil prices little changed