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 global economy, already fragile, now faces a new shock—this time from the United States. President Donald Trump’s latest tariff wave has dragged average U.S. duties to levels unseen in over a century. The trade war with China is escalating fast.
Sam Altman has stepped down as chair of nuclear start-up Oklo, citing a potential conflict of interest ahead of talks with OpenAI over a future energy supply deal. The move comes as the pressure mounts to power artificial intelligence with stable, low-carbon energy sources.
Pedro Lucas Fernandes has declined President Luiz Inácio Lula da Silva’s offer to become Minister for Communications—a key post that oversees the country’s telecoms and postal system.
Ukrainian President Volodymyr Zelenskyy has claimed that Chinese citizens are working at a drone production site in Russia and suggested that Moscow may have “stolen” drone technology from China
Ukrainian President Volodymyr Zelenskyy on Tuesday stated his readiness to negotiate with Russia “in any format” once a ceasefire takes effect. Meanwhile, Russian President Vladimir Putin has reportedly proposed halting his invasion at the current front lines, according to the Financial Times.
The global economy, already fragile, now faces a new shock—this time from the United States. President Donald Trump’s latest tariff wave has dragged average U.S. duties to levels unseen in over a century. The trade war with China is escalating fast.
Sam Altman has stepped down as chair of nuclear start-up Oklo, citing a potential conflict of interest ahead of talks with OpenAI over a future energy supply deal. The move comes as the pressure mounts to power artificial intelligence with stable, low-carbon energy sources.
Pedro Lucas Fernandes has declined President Luiz Inácio Lula da Silva’s offer to become Minister for Communications—a key post that oversees the country’s telecoms and postal system.
Ukrainian President Volodymyr Zelenskyy has claimed that Chinese citizens are working at a drone production site in Russia and suggested that Moscow may have “stolen” drone technology from China
Ukrainian President Volodymyr Zelenskyy on Tuesday stated his readiness to negotiate with Russia “in any format” once a ceasefire takes effect. Meanwhile, Russian President Vladimir Putin has reportedly proposed halting his invasion at the current front lines, according to the Financial Times.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
Pope Francis, the first Latin American pope and a transformative figure in the Roman Catholic Church, has passed away at the age of 88, the Vatican confirmed in a video statement on Monday.
Pedro Lucas Fernandes has declined President Luiz Inácio Lula da Silva’s offer to become Minister for Communications—a key post that oversees the country’s telecoms and postal system.
Ukrainian President Volodymyr Zelenskyy has claimed that Chinese citizens are working at a drone production site in Russia and suggested that Moscow may have “stolen” drone technology from China
Ukrainian President Volodymyr Zelenskyy on Tuesday stated his readiness to negotiate with Russia “in any format” once a ceasefire takes effect. Meanwhile, Russian President Vladimir Putin has reportedly proposed halting his invasion at the current front lines, according to the Financial Times.
Russian President Vladimir Putin has reportedly suggested halting his invasion at current front-line positions as part of a peace initiative with U.S. President Donald Trump.
U.S. President Donald Trump's envoy, Steve Witkoff, is traveling to Moscow this week for renewed peace talks with Russian President Vladimir Putin. The White House confirmed Tuesday that Witkoff will attempt to advance negotiations aimed at ending the war in Ukraine.
The global economy, already fragile, now faces a new shock—this time from the United States. President Donald Trump’s latest tariff wave has dragged average U.S. duties to levels unseen in over a century. The trade war with China is escalating fast.
Sam Altman has stepped down as chair of nuclear start-up Oklo, citing a potential conflict of interest ahead of talks with OpenAI over a future energy supply deal. The move comes as the pressure mounts to power artificial intelligence with stable, low-carbon energy sources.
Pedro Lucas Fernandes has declined President Luiz Inácio Lula da Silva’s offer to become Minister for Communications—a key post that oversees the country’s telecoms and postal system.
Ukrainian President Volodymyr Zelenskyy has claimed that Chinese citizens are working at a drone production site in Russia and suggested that Moscow may have “stolen” drone technology from China
Ukrainian President Volodymyr Zelenskyy on Tuesday stated his readiness to negotiate with Russia “in any format” once a ceasefire takes effect. Meanwhile, Russian President Vladimir Putin has reportedly proposed halting his invasion at the current front lines, according to the Financial Times.
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