BUENOS AIRES, Argentina — President Mauricio Macri asked the International Monetary Fund on Wednesday for an early release of funds from a $50 billion deal with the IMF to ease concerns that Argentina will not be able to meet its debt obligations for 2019. Macri said in a televised address that Argentina has agreed with the IMF "to advance all necessary funds to guarantee compliance with next year's financial program." Macri said that in the past week there have been "expressions of a lack of trust in the markets" about Argentina. Argentina was forced to strike a deal with the IMF earlier this year after a sharp depreciation of its currency and a run on the peso. The international lender has admitted that it had a made a string of mistakes that contributed to Argentina's economic implosion.

Source: Philippine Star August 29, 2018 22:07 UTC