IMF says cash to reserves, Argentina decides use

ARGENTINA - The International Monetary Fund reiterated on 22 August that the money Argentina will receive under its new $8 billion program will go to central bank reserves, but it is then up to the country to decide how to use it.

Late on 21 August, Argentina won support from the IMF for an $8 billion augmentation to its $14 billion stand-by loan. If the board approves the loan as expected in early September, Argentina will receive $5 billion immediately. A further $3 billion will be brought f

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