Argentina’s IMF loan

News

Argentina will receive a $3.1 billion loan instalment from the International Monetary Fund after promising to step up its negotiations with the holders of its defaulted bonds.

The instalment is part of a $13.3 billion loan programme put in place last September. It is the first payment to be approved unanimously by the IMF board.

IMF managing director Anne Kreuger said in a statement: “The authorities are encouraged to work diligently to design a debt exchange offer that attains the highest pos

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