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International Business Times
International Business Times
Business

Argentina Receives $42 Bn From International Financial Institutions

Javier Milei has launched an ambitious economic reform program (Credit: AFP)

Three international financial institutions announced $42 billion in fresh support for financially troubled Argentina on Friday, as its president said his country's economy will grow "like never before."

The IMF approved a new four-year $20 billion bailout for the South American nation as the World Bank said it would pump $12 billion into the economy and the Inter-American Development Bank (IDB) announced plans for a $10 billion deal.

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