Argentina's economy minister Nicolas Dujovne is in Washington to negotiate the terms of a $50 billion bailout package from the IMF. Back home, people are divided over whether reforms announced Monday are helpful.
Protesters in Buenos Aires have clashed with police in front of Congress to protest cuts to the 2019 budget bill. Argentina's President Mauricio Macri needs those cuts as he has committed to balancing the budget.
The International Monetary Fund (IMF) has been described as the lender of last resort for countries in financial distress. But the stiff medicine doled out by the fund is still subject to huge controversy.
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.
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