Print Edition - 2018-09-06  |  Money Digest

Argentine seeks early release of funds from IMF


Sep 6, 2018-

Argentina will have to wait at least until the second half of September to find out whether the International Monetary Fund will agree to the early release of a credit line under a $50 billion backup financing arrangement approved earlier this year, Economy Minister Nicolas Dujovne said on Tuesday. Dujovne declined to say how much money he had requested during a meeting with IMF Managing Director Christine Lagarde. “All this requires a formal procedure so it receives an agreement at the staff level, which could be taken before the board,” Dujovne told reporters after the meeting, adding that he expects the IMF to vote on the request in the second half of the month. Lagarde said they made progress in the meeting. (AP)

Published: 06-09-2018 08:10

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