Argentina has secured a deal with the IMF to restructure debt from a record-breaking $57bn bailout, President Alberto Fernández said on Friday, removing the threat of an imminent clash with the lender as it tries to bolster its floundering economy.
“We suffered a problem and now we have a solution,” Fernández said in an address to the nation. “We will be able to access new financing precisely because this agreement exists.”
His announcement comes after a tense week of talks over a $700m payment that Argentina owes the IMF, which is due later on Friday.
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