IMF to Review Timing of Payout for Argentina's Credit Line
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The International Monetary Fund will review the timing for the disbursement of the remaining funds from a $50 billion credit line to Argentina in the aftermath of a sell off in international markets.
“In consideration of the more adverse international market conditions, which had not been fully anticipated in the original program with Argentina, the authorities will be working to revise the government’s economic plan with a focus on better insulating Argentina from the recent shifts in global financial markets," Christine Lagarde, the IMF’s managing director said in a statement on Wednesday.