Reuters was first to report that the International Monetary Fund and Argentina were planning to combine reviews on two loan agreements – a push that would allow the fund to streamline and bundle disbursements to the cash-strapped economy on its $44 billion loan program. The IMF confirmed the much-anticipated plan, which will unlock about $7.5 billion for South America’s third largest economy as it enters a crucial election with depleted reserves and a drought battered economy that is facing a painful recession.
The post Argentina, IMF staff-level agreement set to combine reviews on $44 billion loan appeared first on Reuters News Agency.
Source: Reuters News Agency
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