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.
A 24-year-old man who killed six people in Poland’s central city of Krakow had advanced military-style shooting skills, according to a s...
Monday marks the second of two days of national mourning in Poland as police bolstered security after six people were killed in a mass sh...
Global temperatures are projected to rise by up to 2.8°C above pre-industrial levels by 2100 under current climate policies, according to a Uni...
Poland has declared two days of national mourning after a gunman opened fire in Kraków's historic main square. Investigators are examining possible far-right influences and the discovery of three bodies at the suspect's home.
Monday marks the second of two days of national mourning in Poland as police bolstered security after six people were killed in a mass shooting in Kraków.
Russian forces launched a ballistic missile attack on Kyiv early on Saturday, 7 November, injuring two people and damaging residential buildings, just three days before U.S.-led peace talks with Ukraine and Russia in Abu Dhabi.
The Saudi-led coalition fighting Yemen's Houthis said it intercepted and destroyed two ballistic missiles fired by the Iran-aligned group towards Riyadh on Sunday (8 November), after loud booms were heard in the Saudi capital. The Aramco building was damaged by falling debris.
New Zealand’s ruling centre-right National Party has taken a narrow lead over the opposition Labour Party in Saturday’s general election, with the country’s current three-party coalition projected to retain power.
A 24-year-old man who killed six people in Poland’s central city of Krakow had advanced military-style shooting skills, according to a spokesperson for the gun club he attended.
Monday marks the second of two days of national mourning in Poland as police bolstered security after six people were killed in a mass shooting in Kraków.
Clashes between protesters and police erupted in Paris and Marseille on Saturday as demonstrations over rising living costs and declining public services continued for a fourth consecutive weekend across France.
Security measures have been stepped up in Antalya, Türkiye, ahead of the COP31 United Nations climate summit, which begins on Monday, 9 November, with thousands of additional personnel deployed across the Mediterranean city.
Iran's Islamic Revolutionary Guard Corps (IRGC) dismissed a new U.S. military operation targeting the movement of weapons and sanctioned materials on Sunday, 8 November, saying Washington would fail to isolate the Iranian economy despite expanding restrictions on maritime and land routes.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment