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Business Matters: Argentina and the IMF reach agreement on a last minute loan

Argentina and the IMF reach agreement on a last minute loan

29/07/2023 GMT

BBC World Service - Business Matters, Argentina and the IMF reach agreement on a last minute loan

Argentina will receive a $7.5bn loan after three months of intense negotiations

Argentina has reached a $7.5bn dollar agreement with the International Monetary Fund, as it tries to get its troubled economy back on track.

Argentina has reached a $7.5bn agreement with the International Monetary Fund, as it tries to get its troubled economy back on track.

The South American nation has been in negotiations with the Fund for months over its $44 billion loan program. That's the biggest outstanding deal that the IMF has with any country anywhere in the world.

(Picture: Close up of Argentine money, 200 pesos bills. Picture credit: Getty Images)

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