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Argentina Seeks Big IMF Disbursement

  • Argentina is negotiating a $20-billion program with the IMF.
  • The country requests over 40% of the funds in the first tranche.
  • Economy Minister Caputo highlights fiscal deficit elimination and spending cuts.
  • The government aims to bolster central bank reserves and ease forex restrictions.
  • IMF's board of directors will need to approve the four-year program.

Source: MoneyControl

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7mo ago
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