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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Ukrainian Foreign Minister Andrii Sybiha met on Tuesday with a delegation from the Organisation for Security and Co-operation in Europe (OSCE) Parliamentary Assembly, marking the first visit to Ukraine by the group’s president, Pere Joan Pons.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
The European Parliament has passed new legislation making it easier to suspend visa-free travel for nationals of third countries found to violate human rights or ignore international court rulings.
Two years after the Gaza conflict began, President Donald Trump on Tuesday pledged United States backing for Gaza’s security guarantees and said he believed an agreement to free the remaining hostages was nearing completion.
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Ukrainian Foreign Minister Andrii Sybiha met on Tuesday with a delegation from the Organisation for Security and Co-operation in Europe (OSCE) Parliamentary Assembly, marking the first visit to Ukraine by the group’s president, Pere Joan Pons.
The European Parliament has passed new legislation making it easier to suspend visa-free travel for nationals of third countries found to violate human rights or ignore international court rulings.
Two years after the Gaza conflict began, President Donald Trump on Tuesday pledged United States backing for Gaza’s security guarantees and said he believed an agreement to free the remaining hostages was nearing completion.
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