Argentina has finalized a $20 billion IMF deal to stabilize reserves and repay existing debt amid severe economic challenges.
Argentina’s Economy Minister Luis Caputo has announced a $20 billion loan agreement with the International Monetary Fund (IMF).
The South American nation, grappling with triple-digit inflation and mounting debt has been in negotiations with the IMF for months. Until now, neither side had disclosed the size of the planned deal.
The announcement is the first official confirmation of the agreement’s value, following talks between the IMF and President Javier Milei’s administration.
Argentina remains the IMF’s largest borrower and is still repaying a $44 billion loan from 2022. An earlier program in 2018 under former President Mauricio Macri originally totaled $57 billion.
Of the new $20 billion, approximately $8 billion will bolster central bank reserves, while $12 billion will go toward servicing existing IMF debt. The agreement includes a ten-year repayment period with a four-and-a-half-year grace period.
Qatar has confirmed that seven people, including four of its military personnel and three Turkish nationals, were killed on Sunday (22 March) ...
Georgia bid farewell to Catholicos-Patriarch Ilia II on Sunday (22 March). He was considered one of the most influential spiritual leaders in ...
Palestinians have reported a surge in attacks by Israeli settlers on homes, vehicles, and residents across the West Bank, amid growing internati...
Belgium has marked the 10th-anniversary of the 2016 Brussels terror attacks, remembering the victims of the country’s deadliest peacetime ...
A drone attack on a hospital in East Darfur, Sudan, has killed at least 64 people and injured 89 more, the World Health Organisation (WHO) reported...
Qatar has confirmed that seven people, including four of its military personnel and three Turkish nationals, were killed on Sunday (22 March) when a helicopter crashed in the country’s territorial waters.
Georgia bid farewell to Catholicos-Patriarch Ilia II on Sunday (22 March). He was considered one of the most influential spiritual leaders in the country’s modern history.
Palestinians have reported a surge in attacks by Israeli settlers on homes, vehicles, and residents across the West Bank, amid growing international criticism.
Belgium has marked the 10th-anniversary of the 2016 Brussels terror attacks, remembering the victims of the country’s deadliest peacetime attack and reflecting on changes to national security.
President Donald Trump said the U.S. was considering "winding down" its military operation against Iran, as Iran and Israel traded attacks on Saturday (21 March) and Iranian media said the nuclear enrichment facility in Natanz had been attacked.
U.S. President Donald Trump warned that American forces could target Iranian power plants if the strategic Strait of Hormuz remains closed, and Iran, in return, warned that any attack on its energy infrastructure would trigger strikes on regional facilities.
Slovenia heads to the polls on Sunday (22 March) in a closely contested race between incumbent Prime Minister Robert Golob and right-wing former Prime Minister Janez Janša.
Italy is voting on 22 and 23 March in a judicial reform referendum that could reshape the justice system and test Prime Minister Giorgia Meloni’s political strength ahead of the 2027 general election.
Iceland could reopen talks on joining the European Union after a 13-year pause, as shifting security concerns and renewed economic debate bring EU membership back to the centre of national politics.
Qatar has confirmed that seven people, including four of its military personnel and three Turkish nationals, were killed on Sunday (22 March) when a helicopter crashed in the country’s territorial waters.
Belgium has marked the 10th-anniversary of the 2016 Brussels terror attacks, remembering the victims of the country’s deadliest peacetime attack and reflecting on changes to national security.
A drone attack on a hospital in East Darfur, Sudan, has killed at least 64 people and injured 89 more, the World Health Organisation (WHO) reported on Saturday.
Cuba’s national power grid went down on Saturday, cutting electricity for millions, officials said. The outage marks the second nationwide blackout in a week and the third major grid failure in March.
A British nuclear-powered submarine armed with Tomahawk cruise missiles has reportedly taken up position in the Arabian Sea, the Daily Mail reported on Saturday (21 March). The deployment gives the UK the ability to carry out long-range strikes if tensions in the Gulf escalate.
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