Argentina Is in Talks to Get a $30 Billion Flexible Credit Line From the IMF
- Country has started talks with the IMF, President Macri says
- Argentine peso pared early losses after IMF credit line news
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Argentina asked the International Monetary Fund for financing to help stem a five-month-rout in the peso that is sparking a surge in interest rates and threatening to derail the country’s economic recovery.
“This will allow us to face the new global scenario and avoid a crisis like the ones we have faced before in our history," President Mauricio Macri said in a televised address Tuesday.