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Argentina Urges IMF to Suspend Surcharges on $45 Billion Loan

  • Argentine president calls Fund to end loan surcharge policy
  • Fund charges extra interests to countries with large loans
Alberto Fernandez speaks to Pedro Sanchez at the Moncloa Palace in Madrid, on May 11.
Alberto Fernandez speaks to Pedro Sanchez at the Moncloa Palace in Madrid, on May 11.Photographer: Gabriel Bouys/AFP/AP Photo

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Argentina’s President Alberto Fernandez urged the International Monetary Fund to suspend so-called surcharges applied by the multilateral lender to countries that use its credit lines extensively.