News In Brief

New austerity measures ahead for debt-ridden Argentina

Argentine Economy Minister Bernard Grinspun arrives here today for discussions with the International Monetary Fund (IMF) on economic austerity measures for his country. An agreement on such measures would pave the way for IMF loans of up to $1.4 billion to Argentina, It also would set the stage for talks with banks on stretching payments on Argentina's $44 billion debt and freeing $1 billion in frozen loans.