Argentina seeks emergency release of $50bn in IMF funds amid financial crisis

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President Mauricio Macri says ‘lack of trust from the markets’ forces him to ask for help as peso weakens and inflation runs at 30%

Argentina’s President Mauricio Macri has asked the International Monetary Fund for an early release of funds from a $50bn deal to ease concerns that the country will not be able to meet its debt obligations for 2019.

Macri said in a televised address that Argentina had agreed with the IMF “to advance all necessary funds to guarantee compliance with next year’s financial programme”.

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from The Guardian https://ift.tt/2N2r5TF

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