IMF agrees extra cash for Argentina

ARGENTINA - After 12 tense days of talks, the International Monetary Fund (IMF) agreed to increase its funding to crisis-hit Argentina by $8bn.

The United States, the IMF's biggest shareholder and a vital ally of Argentina, welcomed the deal.

But both the US and the IMF insisted that tough conditions were tied to the money.

Argentina will have to use much of the money in an exchange programme to help pay down its $128bn debt burden.

Some $5bn of the money could be made available as early as Septe

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: