Argentina paid the International Monetary Fund (IMF) US$3.1 billion to avoid falling into default with the multilateral lender.
ARGENTINA Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. paid the International Monetary Fund (IMF IMF
See: International Monetary Fund
IMF
See International Monetary Fund (IMF). ) US$3.1 billion to avoid falling into default with the multilateral mul·ti·lat·er·al
adj.
1. Having many sides.
2. Involving more than two nations or parties: multilateral trade agreements. lender. As part of the agreement with the IMF, Argentina will begin formal negotiations to restructure more than $80 billion in defaulted debt with private creditors.
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