Reported 7 months ago
The International Monetary Fund anticipates China to reschedule payments on a portion of Argentina's $18 billion swap line, freeing up cash for President Javier Milei's budget cuts and supporting the country's fiscal program. Argentina owes China $2.9 billion this month and $1.9 billion in July, with a commitment to refinance the debt. The IMF's executive board is set to vote on the agreement, signaling progress for Argentina's IMF program.
Source: YAHOO