{"id":4879,"date":"2018-06-08T23:07:10","date_gmt":"2018-06-08T23:07:10","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=4879"},"modified":"2018-06-08T23:07:10","modified_gmt":"2018-06-08T23:07:10","slug":"argentina-and-imf-agree-on-50-billion-loan-minister","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/","title":{"rendered":"Argentina and IMF agree on $50 billion loan: minister"},"content":{"rendered":"

Source (afp)<\/strong><\/em><\/p>\n

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The International Monetary Fund (IMF) agreed with Argentina to a standby loan of $50 billion over a three-year period, Finance Minister Nicolas Dujovne said on Thursday.<\/p>\n

\u00abWe have looked to the IMF to avoid a crisis,\u00bb the minister told a news conference in Buenos Aires, adding there would be an \u00abimmediate\u00bb payment of $15 billion.<\/p>\n<\/div>\n

\u00abWe are engaged in the construction of a normal country. It support for our program,\u00bb he added.<\/p>\n

At the end of March, Argentina suffered a crisis of confidence that caused it to lose more than $10 billion of central bank reserves and saw the peso plunge by nearly 20 percent.<\/p>\n

That led Latin America’s third-largest economy to ask for IMF assistance to help the country face mounting inflation, budget deficits and a weakening currency.<\/p>\n

\u00abWe are going to reinforce the autonomy of the central bank,\u00bb said its chairman, Federico Sturzenegger, who lead the conference alongside Dujovne.<\/p>\n

Dujovne added that Argentina has set a target of 17 percent inflation for 2019, 13 percent for 2020 and 9 percent for 2021.<\/p>\n

Argentina’s annual inflation target was 15 percent for 2018, but had reached almost 10 percent by April.<\/p>\n

\u00abWe are going to have increased inflation,\u00bb Dujovne acknowledged.<\/p>\n

The government has so far not managed to limit persistently high inflation, which has exceeded 20 percent for more than a decade, a key aim of President Mauricio Macri’s center-right government.<\/p>\n

A path to reduce the budget deficit and balance the budget by 2020 was also agreed with the IMF.<\/p>\n

The agreement revises the budget deficit target, before debt payment, to 2.7 percent of GDP in 2018, compared to 3.2 percent previously forecast.<\/p>\n

Opinion polls said as many as 75 percent of Argentinians opposed any agreement with the IMF, which many link to painful memories of past economic and social crisis that culminated in 2001 with a sovereign debt default, for which many Argentinians blame the IMF.<\/p>\n

Thousands demonstrated in Buenos Aires in late May against an IMF bailout, marching to government offices and brandishing anti-IMF banners.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Source (afp) The International Monetary Fund (IMF) agreed with Argentina to a standby loan of $50 billion over a three-year period, Finance Minister Nicolas Dujovne said on Thursday. \u00abWe have looked to the IMF...<\/p>\n","protected":false},"author":33,"featured_media":4880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10219548024599422_1632221337088128":"","twitter_242054905_242054905":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5],"tags":[],"class_list":["post-4879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia"],"acf":[],"yoast_head":"\nArgentina and IMF agree on $50 billion loan: minister - Noti-America.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Argentina and IMF agree on $50 billion loan: minister\" \/>\n<meta property=\"og:description\" content=\"Source (afp) The International Monetary Fund (IMF) agreed with Argentina to a standby loan of $50 billion over a three-year period, Finance Minister Nicolas Dujovne said on Thursday. \u00abWe have looked to the IMF...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/\" \/>\n<meta property=\"og:site_name\" content=\"Noti-America.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-08T23:07:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/06\/Argentina-finance-minister-Dojovni.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo estimado de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Argentina and IMF agree on $50 billion loan: minister\",\"datePublished\":\"2018-06-08T23:07:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/\"},\"wordCount\":330,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/06\/Argentina-finance-minister-Dojovni.jpg\",\"articleSection\":[\"Econom\u00eda\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/\",\"url\":\"https:\/\/noti-america.com\/site\/principal\/2018\/06\/08\/argentina-and-imf-agree-on-50-billion-loan-minister\/\",\"name\":\"Argentina and IMF agree on $50 billion loan: minister - 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