IMF to help debt-ridden Argentina and Mexico

Two of Latin America's biggest debt problems appeared closer to resolution as Mexico and Argentina made progress toward obtaining crucial loans from the International Monetary Fund. But another problem loomed as banking sources here said they expected Brazil, whose debt ranks with Mexico's at around $80 billion, to seek IMF assistance after next Monday's elections.

Mexico signed a letter of intent to borrow $3.84 billion from the IMF over the next three years, but the government must slash public spending, raise taxes and curb imports to qualify for the funds.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK