Argentina originally secured a $50 billion loan back in June, when an initial $15 billion tranche was handed over. 'Strengthened economic plan'Lagarde praised Argentina for its "strengthened economic plan that is aimed at bolstering confidence and stabilizing the economy." The announcement of the agreement comes a day after Argentina changed its central bank president. Some analysts claimed outgoing head Luis Caputo was at odds with the IMF over Argentina's monetary strategy, leading to his replacement by Guido Sandleris. She said the central bank had "agreed to adopt a floating exchange rate regime, without intervention."

Source: Philippine Star September 27, 2018 03:45 UTC