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.
The Syrian Civil Aviation Authority has signed a $4 billion agreement with an international consortium last week (6 August), including companies from ...
Dubai has launched its first-ever 'Mallathon,' a month-long event turning shopping centres into indoor running tracks to offer residents a safe way to...
The United States is designating the Pakistani separatist Baloch Liberation Army (BLA) as a foreign terrorist organization, the U.S. Department of Sta...
Global football star Cristiano Ronaldo is engaged to his long-time partner, Georgina Rodríguez. She announced the news on Instagram, sharing a photo ...
International superstar Taylor Swift has revealed her 12th studio album, 'The Life of a Showgirl', during a podcast appearance with her partner, U.S. ...
Dubai has launched its first-ever 'Mallathon,' a month-long event turning shopping centres into indoor running tracks to offer residents a safe way to exercise during peak summer heat, that started 1 August.
Global football star Cristiano Ronaldo is engaged to his long-time partner, Georgina Rodríguez. She announced the news on Instagram, sharing a photo of a large engagement ring with the caption in Spanish: “Yes I do. In this and in all my lives.”
International superstar Taylor Swift has revealed her 12th studio album, 'The Life of a Showgirl', during a podcast appearance with her partner, U.S. football star Travis Kelce, and his brother Jason.
Residents in northern Gaza are walking more than 10 kilometres and braving Israeli gunfire to secure a single bag of flour, as aid shortages and blockades push the territory closer to famine, according to local accounts and United Nations agencies.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The United States is designating the Pakistani separatist Baloch Liberation Army (BLA) as a foreign terrorist organization, the U.S. Department of State said on Monday.
Homeless residents and outreach workers in Los Angeles say they fear military-backed removals after U.S. President Donald Trump signalled his Washington D.C. crackdown could extend to other cities, including Los Angeles.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 12th of August, covering the latest developments you need to know.
A Chinese warship and coast guard vessel collided while attempting to block a Philippine patrol near Scarborough Shoal, damaging both ships in one of the most serious recent incidents in the contested South China Sea.
Brazilian President Luiz Inácio Lula da Silva and Chinese President Xi Jinping have pledged to deepen BRICS cooperation and expand bilateral trade, during an hour-long phone call focused on multilateralism and resisting tariff pressures from the U.S.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment