Tags: imf | argentina | crisis | loan

IMF Increases Argentina Crisis Loan to $57 Billion: Finance Minister

Argentina's flag with US $100 dollar bills at bottom
(Dollar Photo Club)

Wednesday, 26 September 2018 05:24 PM

The International Monetary Fund has agreed to increase its crisis loan package aimed at restoring confidence in Argentina's struggling economy by $7 billion to $57 billion, the South American country's Finance Minister Nicolas Dujovne said on Wednesday.

The agreement "will allow our country to leave behind the turbulent path of recent months," said Dujovne during a press conference with IMF Managing Director Christine Lagarde, on the sidelines of the United Nations General Assembly in New York.

Lagarde said the aim of the program was to help Argentina "face its challenges" and support the most vulnerable populations.

© AFP 2018

   
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The International Monetary Fund has agreed to increase its crisis loan package aimed at restoring confidence in Argentina's struggling economy by $7 billion to $57 billion, the South American country's Finance Minister Nicolas Dujovne said on Wednesday.
imf, argentina, crisis, loan
96
2018-24-26
Wednesday, 26 September 2018 05:24 PM
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