Central Banking

Argentina awaits emergency package from IMF

An emergency economic package required by the IMF will be passed in full within 30 days, Jose Luis Machinea, Argentina's economy minister, insisted on Thursday. But he warned of dire consequences if the measures were blocked by political opponents.

Argentina has been suffering a severe crisis of confidence in the financial markets, forcing it to turn to the International Monetary Fund for assistance that could total more than $20bn. Mr Machinea said to the Financial Times that the assistance

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