IMF role in Argentina to be investigated by panel

An International Monetary Fund panel will examine whether the IMF should have done more to prevent Argentina's economic collapse, the first time the independent board will review the fund's handling of a single country.

The IMF, which pledged $34 billion to Argentina in the decade before the country's default on $95 billion in debt last year, has been criticized for allowing the government to run up a debt it couldn't afford.

Argentina's default "has raised a number of questions about the effe