Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources

Argentina plans to use a $7.5 billion disbursement from the International Monetary Fund (IMF) to repay China part of the money it borrowed through a currency swap line, in order to avoid defaulting on its debt to the multilateral lender.

reuters.com

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EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

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Argentina's Economy Minister Sergio Massa announced that the World Bank and Inter-American Development Bank have approved loans worth $1.3 billion for Argentina, with the purpose of financing development projects and strengthening reserves at the Central Bank.

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Posted 8/23/2023, 7:29:00 PM

Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources

reuters.com

Relevant topic timeline:

8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

8/23/2023

Buenos Aires Times

8/23/2023

Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

9/15/2023

Argentina Faces Uncertain Future with IMF Amid Calls for Stricter Reforms

9/15/2023

IMF to Urge China to Shift to Consumer-Driven Growth, Address Real Estate Risks As It Cuts Global Outlook