Argentina overcomes debt hurdle for now

ARGENTINA - Argentina has won a year's extension on the repayment of a key loan from the International Monetary Fund.

The extra time has allowed the country to avoid defaulting on a separate loan from the Inter-American Development Bank, keeping that source of funding alive.

The IMF said in a statement that it agreed to delay the loan repayment because Argentina could not have make it without "undue hardship or risk".

The leniency could be a positive sign for the ongoing negotiations over new l

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