Tags: APFN | LT | Argentina | IMF

Argentina: Only Seeking Financing from IMF to Stem Crisis

Argentina: Only Seeking Financing from IMF to Stem Crisis

Wednesday, 05 September 2018 04:38 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's economy minister says the government is not seeking other sources of financing outside the International Monetary Fund for help in curbing an economic crisis.

Argentina has asked the IMF for early disbursements in emergency funding from a $50 billion loan approved earlier this year.

The country has been hit by one of the world's highest inflation rates and a sharp fall in the value of the Argentine peso.

Economy Minister Nicolas Dujovne met with IMF Managing Director Christine Lagarde. He said Wednesday that they have made great progress and expect to reach a deal in late September.

He denied reports that Argentina is negotiating a credit line with the U.S. Treasury or searching for other sources of financing outside the IMF.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Argentina's economy minister says the government is not seeking other sources of financing outside the International Monetary Fund for help in curbing an economic crisis.Argentina has asked the IMF for early disbursements in emergency funding from a $50 billion loan...
APFN,LT,Argentina,IMF
126
2018-38-05
Wednesday, 05 September 2018 04:38 PM
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