Argentina and the International Monetary Fund have reached an agreement for a three-year, $50 billion standby arrangement. The government says it sought financing to provide a safety net and avoid the frequent crises of Argentina's past.
US President Donald Trump isn't interested in international cooperation, but the other G20 members take a different stance. A clash seems unavoidable at the group's summit. Bernd Riegert reports from Buenos Aires.
A federal judge will decide if President Macri's administration had the authority to request the IMF loan. Argentina has been plagued by economic instability that threatens to spill over into the political arena.
The government of Argentina denied that it was facing economic failure after the peso fell for three straight days. Investors appear unconvinced that President Mauricio Macri can alleviate the country's economic woes.
President Mauricio Macri said his country is facing "an emergency" that required massive spendings cuts and agricultural taxes. This year, Argentina's currency has already lost half its value compared to the US dollar.
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