Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis
Al-Qassam Brigades: A NIMR armored personnel carrier carrying an Israeli soldier was targeted with an Al-Yassin missile north of Khan Younis
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes

Argentina Parliament approves IMF deal for $45 billion debt

  • By Al Mayadeen Net
  • Source: Agencies
  • 18 Mar 2022 08:08
2 Min Read

After falling into an economic slump, Argentina slowly grows out of inflation and a high poverty rate.

  • x
  •   Argentina parliament approves IMF deal for $45 billion debt
     ArgentinaPparliament approves the IMF deal for $45 billion in debt.

Argentina's Senate gave final approval on Thursday to a deal with the International Monetary Fund that restructures a $45 billion debt, clearing the country's short-term financial horizon but leaving a significant inflationary burden.

The late-night vote approves a new credit program hammered out by Argentine politicians and IMF personnel as they sought to complete the debt, the legacy of a huge loan negotiated in 2018 by former President Mauricio Macri's government.

Several hundred people demonstrated outside the Senate, summoned by unions and leftist organizations to oppose the reform.

Last week, the accord was approved by the Chamber of Deputies with broad support from both the ruling coalition's center-left and the opposition's center-right, a rare occurrence in Argentina.

Faced with the prospect of a disastrous payment default if the agreement was not accepted, the Senate easily approved it by a vote of 56 to 13, with three abstentions.

Related News

World Bank: Global growth to slow sharply, worst since 2008

No security possible amid continued Israeli aggression: Lebanese PM

"It is the responsibility of our government to build certainty in a context of uncertainty," Economic Minister Martin Guzman, chief architect of the agreement with the IMF, said in defending the package before senators.

Argentina and the fund agreed on a set of macroeconomic measures to contain the country's chronic inflation (50.9% in 2021) and lower the country's budget deficit, which was 3% of GDP last year until it is balanced in 2025.

Under the agreement, the IMF will monitor Argentina's progress regularly.

The IMF authorized Argentina's largest-ever loan of $57 billion in 2018, under the government of center-right Macri. Of that total, the country received $44 billion.

Alberto Fernandez, Macri's successor, refused to take the remainder and sought to renegotiate repayment terms. Payments of $19 billion and $20 billion were due this year, a deadline considered unattainable by the administration.

Argentina is only now emerging from a three-year economic slump, battling increasing inflation and a high poverty rate.

After a grace period, repayments will be required from 2026 through 2034 under the new agreement.

  • Argentina
  • International Monetary Fund
  • Mauricio Macri

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS