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Argentina Faces Financial Strain as Ministry of Economics Redirects Funds to Other Creditors

However, the Ministry of Economics in Buenos Aires has to pass on more than half of the funds that have now been paid out to other creditors, as the newspaper “La Nación” reported. Argentina recently took out several bridging loans in Qatar, China and the Latin American Development Bank (CAF) to meet its interest rate obligations to the IMF.

2023-08-24 01:02:49
#IMF #approves #billion #loan #Argentina

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