Argentina defaults on $3 Billion IMF debt

Argentina defaulted on its IMF debt on Tuesday 9 September. The Cabinet Chief's office said "To avoid compromising 25 percent of (central bank) reserves, the government has decided to suspend the payment that was due today".

Source: Reuters

Argentina defaulted on a $3 billion debt to the International Monetary Fund on Tuesday, the biggest single missed payment in the IMF's history and likely to further isolate the precarious economy.

The default, which comes nearly two years after Argentina rack

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