💨 Abstract

The World Bank and the Inter-American Development Bank are set to announce combined financing packages worth $12 billion and an undisclosed amount, respectively, for Argentina on Friday. This comes after the IMF is expected to approve a $20 billion loan deal. Argentina's central bank has eased foreign exchange market controls, allowing the peso to fluctuate within a band, in preparation for these new funds. These announcements are expected to coincide with the IMF approval.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖