Argentina Clinches $50B IMF Financing Deal to Speed Up Cuts

Argentina and the International Monetary Fund said Thursday that they had reached an agreement for a three-year, $50 billion standby lending arrangement, which the government said it sought to provide a safety net and avoid the frequent crises of the country's past. Argentina requested IMF assistance on May 8 after its peso currency weakened sharply in an investor exodus from emerging markets. As part of the deal, which is subject to IMF board approval, the...

© La Voix de l'Amérique - jeudi 7 juin 2018