Argentina poised to get CAF loan for $913 mln IMF payment  | Reuters News Agency

EconomyGovernment

Reuters exclusively reported that Argentina is set to receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a $913 million payment due to the IMF next week, two sources familiar with the matter told Reuters. Argentina, whose $44 billion International Monetary Fund programme makes it the largest debtor to the fund, is due to make the capital payment on Dec. 21. 

Market Impact

On Tuesday, Caputo announced a slate of economic measures including a more than 50% devaluation of the peso to 800 per U.S. dollar and energy and transportation subsidy cuts in a bid to dig the country out of a deep economic crisis. 

Article Tags

Topics of Interest: EconomyGovernment

Type: Reuters Best

Sectors: Economy & PolicyGovernment & Public Services

Regions: Americas

Countries: Argentina

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

Credit:
1: https://www.reutersagency.com/en/reutersbest/article/argentina-poised-to-get-caf-loan-for-913-mln-imf-payment/

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