Argentina: Only seeking financing from IMF to stem crisis

BUENOS AIRES, Argentina – Argentina isn’t seeking other options for financing outside the International Monetary Fund for support in curbing a monetary crisis, the country’s economy minister said Wednesday.

Argentina has asked the IMF for early disbursements in emergency funding coming from a $50 billion loan approved trapped on tape. The nation has long been hit by among the many world’s highest inflation rates and a currency crisis that’s seen the peso depreciate by more than Half at this point at the moment.

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