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IMF refuses to help Argentina pay 132 bn USD debt

World

Argentina was expecting to receive 1.3 billion USD to help the state meet its immediate expenses but after an unfavourable report submitted by Thomas Reichmann, it was decided that now is not “the right moment” to lend any more money.

The IMF has not managed to help Argentina through its current crisis – it has a 132 billion dollar debt to foreign banks and is in its third successive year of recession. The government this week imposed a restriction on movement of capitals abroad, limiting the sum to 1,000 USD per person.

Marcia MIRANDA PRAVDA.Ru

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