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International Business Times
International Business Times
World

FOUND: Argentina seeking 20 billion imf loan - What They Never Told You

Economy Minister Luis Caputo blames 'the opposition' for an 'attempt to destabilize the government' (Credit: AFP)

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

In addition to the $20 billion IMF request, Luis Caputo said Argentina -- the IMF's biggest debtor by far -- was negotiating an additional package with other organizations such as the World Bank and Inter-American Development Bank (IDB).

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