Reuters exclusively reported that Argentina is set to receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a $913 million payment due to the IMF next week, two sources familiar with the matter told Reuters. Argentina, whose $44 billion International Monetary Fund programme makes it the largest debtor to the fund, is due to make the capital payment on Dec. 21.
EconomyGovernment
Argentina poised to get CAF loan for $913 mln IMF payment
14 December 2023, 4:37 am 1 minute
Market Impact
On Tuesday, Caputo announced a slate of economic measures including a more than 50% devaluation of the peso to 800 per U.S. dollar and energy and transportation subsidy cuts in a bid to dig the country out of a deep economic crisis.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Economy & PolicyGovernment & Public Services
Regions: Americas
Countries: Argentina
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
