Argentina expands currency swap with China

Argentina expands currency swap with China

Corporate & Sovereign Strategy Debt Economy & Policy International Monetary Fund (IMF) Loans Argentina

Argentine President Alberto Fern√°ndez said the country has gained approval to increase a currency swap line with China, as his administration seeks to finalize negotiations for a new loan agreement with the International Monetary Fund (IMF) as a key for widening access to financing. The Chinese government has "agreed to our request for expansion and use of the swap," the president said in a speech to lawmakers on Tuesday, a public holiday. "China has always supported us in difficult times and we

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