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Argentina gets $42b from global institutions
Gulf Today
|April 13, 2025
Three international financial institutions announced $42 billion in fresh support for financially troubled Argentina on Friday, as its president said his country’s economy will grow “like never before.”
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The IMF approved a new four-year $20 billion bailout for the South American nation as the World Bank said it would pump $12 billion into the economy and the Inter-American Development Bank (IDB) announced plans for a $10 billion deal.
Some of the cash is expected to flow as soon as next week to help skint Argentina defend its wobbling peso currency, in a political boon for libertarian President Javier Milei’s aggressive efforts to revive the nation’s fortunes.
Dit verhaal komt uit de April 13, 2025-editie van Gulf Today.
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