Argentina avoids new IMF debt default

Argentina's government made a $3.15 billion payment to the International Monetary Fund on Tuesday 9 March, averting a new debt default with the Fund.

A government source, Reuters reported, said on Tuesday that acting IMF head Anne Krueger told President Nestor Kirchner she will recommend the lender's board approve a second review of a $13.3 billion (7.3 billion pounds) loan deal to keep funds flowing to Latin America's No.3 economy.

IMF sources said Krueger would submit the review to the board

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