IMF says Argentina spending splurge sharpens economic challenge ...Middle East

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IMF says Argentina spending splurge sharpens economic challenge
source : Devdiscourse ( Middle East ) () 28
The International Monetary Fund said on Thursday recent policy moves by Argentina's government, including wide-ranging tax breaks for individuals and sectors, were aggravating the country's already complex economic situation. Argentina, battling inflation at 124%, negative net foreign currency reserves, a looming recession and a sliding peso currency, is the IMF's largest creditor with a $44 billion loan deal both sides are trying desperately to salvage.

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