Argentina permitted to tap IMF bailout    ...News

Russia Today - Economy
Argentina permitted to tap IMF bailout   
source : Russia Today ( News ) () 37
The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund announced on Wednesday.    Argentina’s foreign currency reserves have been nearly wiped out amid the worst economic crisis in 20 years. Latin America’s third-largest economy is facing severe challenges after decades of debt and financial mismanagement, with inflation heading toward 200% year-on-year and 4

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