May 10, 2018

Argentina seeks IMF loan to help 'avoid crisis' as peso slides

Argentina is in talks about a financing deal with the International Monetary Fund (IMF). This comes after recent turmoil saw interest rates hit 40 percent, the highest among major economies.

President Mauricio Macri has said the aid would "strengthen growth" and help avoid crises of the past, but many people are not convinced. Al Jazeera's Teresa Bo reports from Buenos Aires.

Al Jazeera

Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF - MercoPress
Argentina Is in Talks to Get a $30 Billion Flexible Credit Line From the IMF (video) - Bloomberg

The Likely Outcome Of Argentina's Return To The IMF - Forbes
- Fear and loathing in Buenos Aires: will Argentina’s IMF gamble pay off? - Guardian

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