Argentina on brink of new IMF default

Argentina was on the brink of a new debt default with the IMF on Tuesday 9 March as last-minute discussions went to the wire while the Argentine government studied an IMF proposal.

Argentina has until 2200 GMT on Tuesday, the end of the IMF's work day in Washington, to pay the fund $3.1 billion or face a second default on the lender in six months that would cut off loans and isolate Latin America's No.3 economy as it recovers from a record sovereign debt default in January 2002.

Reuters reported

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