Argentina seeks emergency release of $50bn in IMF funds amid financial crisis

President Mauricio Macri says ‘lack of trust from the markets’ forces him to ask for help as peso weakens and inflation runs at 30%

Argentina’s President Mauricio Macri has asked the International Monetary Fund for an early release of funds from a $50bn deal to ease concerns that the country will not be able to meet its debt obligations for 2019.

Macri said in a televised address that Argentina had agreed with the IMF “to advance all necessary funds to guarantee compliance with next year’s financial programme”.

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from World news | The Guardian https://ift.tt/2N2r5TF