IMF approves $ 50 loan to Argentina

Washington - The International Monetary Fund (IMF) has approved a $ 50 billion loan to Argentina.

The BBC has reached agreement with the Argentine government on a 50-billion-dollar loan over three years, the BBC reported.

The International Monetary Fund said in a statement that the credit arrangements would be subject to the approval of the Executive Board of the Fund, which will consider the economic plan of Argentina in the coming days.

The Argentine government pledged to accelerate measures to reduce the budget deficit by 2020.

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