IMF agrees to lend Argentina upto $50B
The International Monetary Fund has agreed to lend Argentina up to $50bn to bolster the country’s struggling economy. Argentina, plagued by economic problems for years, asked for assistance from the IMF after its currency hit an all-time low. The $50bn deal which must be approved by the IMF board will make Argentina move faster with its reforms and it will have to reduce its fiscal deficit to zero by 2020.
