Argentina has a month to get IMF aid, bankers say

ARGENTINA - Argentina may descend into a chaotic spiral of hyperinflation and social unrest unless the government can secure a massive IMF loan package in the next 30 days, local bankers and analysts said.

As Economy Minister Jorge Remes Lenicov met in Washington on Tuesday with the International Monetary Fund and the U.S. Treasury, bankers said only a quick multibillion-dollar aid deal can save Argentina's financial system from total collapse after last month's traumatic currency devaluation.


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