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The most recent arrangement approved Argentina to borrow SDR 40,714.00 million, of which Argentina has borrowed SDR 31,913.71 million [4] as of December 10, 2019. Over the past 63 years, Argentina has frequently used the resources of the IMF and holds the record for the largest loan distributed, reaching nearly $57 billion in 2018. [5]
The new peronist administration immediately refused to take the remaining $11 billion of the loan, arguing that it was no longer obliged to adhere to the IMF conditions. [19] [failed verification] The value of the peso continued to plummet as foreign investors pulled out and the COVID-19 pandemic hit the country in early 2020.
The International Monetary Fund, Argentina's biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe ...
The International Monetary Fund will allow Argentina to defer the last review of its $44 billion loan by two months, giving the government more time to apply reforms and potentially negotiate a ...
Argentina and the International Monetary Fund share a rocky history spanning seven decades - and it looks as if things could get worse. Just five years ago, Argentina became the Washington-based ...
BUENOS AIRES (Reuters) -Argentina's next government would not ask the International Monetary Fund (IMF) for any new loans if center-right presidential hopeful Patricia Bullrich prevails in next ...
BUENOS AIRES (Reuters) -Argentina is set to receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a $913 million payment due to the IMF next week, two ...
The International Monetary Fund said on Friday that it has reached a staff-level agreement with Argentina to unlock about $7.5 billion and complete the fifth and sixth reviews of the struggling ...