Argentina won the title for the third time after defeating France in a tiebreaker at the World Cup in Qatar. Argentines ended their 36-year title drought with Lionel Messi.
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After a long wait, the whole of Argentina cheered after winning the World Cup. A week after winning the World Cup, the distressed Argentina received good news. They are getting another installment of the International Monetary Fund (IMF) loan. 6 billion dollars are getting in this round. After signing an agreement with the IMF last March, a total of 23.5 billion or 2 thousand 350 billion dollars has been received. News Buenos Aires Times.
In total, Argentina is supposed to receive a loan of 44 billion or 4 thousand 4 billion dollars under this loan agreement. It is the largest loan assistance program of the IMF.
The IMF said it is pleased with the reform program the Argentine government has been carrying out since last July. During this period the rate of inflation decreased, the trade balance improved and the foreign exchange reserves also improved.
IMF Deputy Managing Director Gita Gopinath believes that Argentina's macroeconomics is still unbalanced, still fragile. He feels that the country's government should take necessary measures to continue the trend of reducing inflation and emphasize reserve accumulation.
It is feared that Argentina's inflation rate may rise to 100 percent this December. In this situation, many people are forced to leave the country. The country's leftist government is cut off from the international market system. Despite this, they are giving various types of subsidies. The debt is increasing. Last week, the country's Vice President Cristina Fernandez was accused of corruption.
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