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RSS FeedsArgentina forced to seek IMF aid
(The Guardian Argentina)

 
 

18 may 2018 22:23:04

 
Argentina forced to seek IMF aid
(The Guardian Argentina)
 


Country pursues deal after President Mauricio Macri fails to stem run on the peso Argentina´s struggle this week to prevent a collapse in its currency and soaring interest rates from destabilising its ailing economy appeared to have ended in failure on Friday, leaving it to seek financial aid from the International Monetary Fund.The IMF, the lender of last resort to nation states, said the South American country had formally requested an `exceptional access standby arrangement` that would allow Argentina to pay its foreign bills while the government sought to prevent a repeat of the 2001 crisis. Continue reading...


 
15 viewsCategory: General > South America > Argentina
 
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