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The wall street Journal.

Argentina Seeks Credit Line From IMF.

Government is trying to contain a steady depreciation of the peso.///

Updated May 8, 2018 5:02 p.m. ET

BUENOS AIRES—Argentina turned to the International Monetary Fund for financial backing to help stem the peso’s depreciation and rising discontent over high inflation and reduced government spending.

In a televised address on Tuesday, President Mauricio Macri said the move is aimed at avoiding a crisis like those that Argentina suffered in the past. It will be the IMF’s first financial support package for the country since 2003.

08/05/2018 23:38 Gustavo TRIMARCHI #. sin tema

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