Economics
Argentina In Discussions With IMF to Increase Credit Line
- IMF credit line may be boosted by $3 billion to $5 billion
- Zero chance of Argentine defaulting with IMF support, he says
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Argentine President Mauricio Macri said a revised agreement with the International Monetary Fund will help shore up investor confidence in the nation after a currency rout pushed South America’s second-largest economy into recession.
“We are working with the IMF and we are going to present something that will bring confidence,” Macri said in an interview with Bloomberg TV in New York. “We will have more support from them.”