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.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 19 January, covering the latest developments you need to know....
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A fresh consignment of precision-guided munitions has departed from the Indian city of Nagpur bound for Yerevan, marking the latest phase in the rapidly expanding defence partnership between India and Armenia.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 19 January, covering the latest developments you need to know.
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Egypt and Sudan have welcomed an offer by U.S. President Donald Trump to restart mediation with Ethiopia in a bid to resolve the long-running dispute over Nile River water sharing.
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European leaders voiced growing alarm on Sunday over U.S. threats to impose tariffs on eight NATO allies, warning the move could destabilize transatlantic relations and heighten tensions in the Arctic.
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A fresh consignment of precision-guided munitions has departed from the Indian city of Nagpur bound for Yerevan, marking the latest phase in the rapidly expanding defence partnership between India and Armenia.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 19 January, covering the latest developments you need to know.
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