The International Monetary Fund board said on Friday it would ship $5.4 billion ...
FILE PHOTO: The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
The latest installment is part of a $57 billion IMF financing agreement approved last year that included unpopular spending cuts that have hammered households and businesses already struggling with recession and high inflation. The fresh cash could help embattled President Mauricio Macri as he seeks to calm markets and boost investor confidence ahead of the first round of presidential elections in October, in which Macri is seeking a second term.
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