IMF board approves $56 billion loan package for Argentina
The IMF said the approval releases $5.7 billion to the government immediately
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Washington: The International Monetary Fund executive board on Friday approved a $56 billion (Dh205 billion) loan package for Argentina to help stabilise the crisis-battered country's economy.
The IMF said the approval releases $5.7 billion to the government immediately.
The country secured a $50 billion IMF loan in June, and received $15 billion already, but Buenos Aires had to go back to the lender for additional support with faster disbursement.
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