Argentina agrees $50bn package with IMF

Following crisis

Tom Eckett
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Argentina president Mauricio Macri. Photo: World Trade Organisation/Flickr/Creative Commons CC BY-SA 2.0
Image:

Argentina president Mauricio Macri. Photo: World Trade Organisation/Flickr/Creative Commons CC BY-SA 2.0

Argentina has reached an agreement to receive a $50bn loan from the International Monetary Fund (IMF) over a three-year period, as the country looks to halt rising inflation and improve its struggling economy.

Subject to approval from the IMF board, reports initially suggested the loan would be $30bn when President Mauricio Macri appealed to the IMF on 8 May for an emergency package in an effort to avoid a financial...

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