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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 ...
IMF staff, Argentina agree loan review to help unlock $800 million. May 13, 2024 at 1:48 PM (Reuters) -Staff of the International Monetary Fund (IMF) and Argentine authorities have reached an ...
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's deal with the Paris Club group of country lenders to defer $2 billion in payments until March next year should give the country breathing room in even more critical debt talks: its $45 ...
The Development Bank of Latin America and the Caribbean (CAF) has approved a $960 million loan for Argentina aimed at helping the government meet debt obligations with the International Monetary ...
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 ...