Financial system5 hours in the past (Mar 25, 2022 02: 06PM ET)
© Reuters. FILE PHOTO: The World Financial Fund model is seen within its headquarters at the tip of the IMF/World Bank annual conferences in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo/File Photo
By Jorgelina attain Rosario
NEW YORK/LONDON (Reuters) – The World Financial Fund’s govt board on Friday accredited a $45 billion program for Argentina after more than a 300 and sixty five days of negotiations, two sources with command facts mentioned, permitting the South American grains exporter to take care of a ways from a costly default with the Washington-essentially based lender.
The agreement, which follows a employees-stage agreement earlier in March, marks the 22nd IMF program for Argentina since it joined the Fund in 1956. It replaces a failed $57 billion program from 2018, the finest in the Fund’s ancient previous, for which Argentina peaceable owes over $40 billion.
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