IMF to start negotiating new Argentine lending deal over coming weeks

IMF to start negotiating new Argentine lending deal over coming weeksArgentina will start talks with the International Monetary Fund in the coming weeks aimed at clinching a new program to replace a defunct $57 billion standby lending deal from two years ago, a top IMF official told Reuters on Saturday. In 2018, Argentina received the biggest lending package in IMF history in an ill-fated bid to halt a slide in the local peso currency. “Within the next few weeks Argentina plans to formally request the initiation of conversations for a new program that would succeed the derailed and canceled 2018 program,” said Sergio Chodos, IMF executive director for the Southern Cone.

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