One week for a deal as IMF team lands in Argentina

An IMF team arrived in Argentina Tuesday with a week to finalise a loan deal and avoid a damaging default. The IMF so far has been unable to convince Argentina to implement unpopular policies the fund says are necessary for a full recovery.

Source: Reuters

A team of IMF officials arrived in Argentina on Tuesday with just one week to hammer out an elusive loan deal -- without which Argentina could declare a damaging default on $3 billion it owes the fund.

With investors growing ever more worried,

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