Argentina plans full IMF debt repayment

Argentina has said it will pay back its entire $9.8 billion debt to the International Monetary Fund, ending 22-year-old links with the lender.

Argentina took the decision after three years of economic growth bolstered foreign reserves.

"We're leaving behind an irresponsible model of indebtedness that did nothing but isolate us," President Nestor Kirchner, who has called IMF officials "rude" and demanding, said in a speech in Buenos Aires.

Mr. Rodrigo de Rato, the Managing Director of the IMF, sa