Argentina Gets Biggest Loan in IMF’s History At $57 billion


Argentina has received $57.1 billion from the International Monetary Fund (IMF), the biggest loan package ever from the global body aimed at boosting the country’s struggling economy. 
The loan, $15 billion of which has already been received by Argentina, will be disbursed over the next three years. Argentina had originally secured a $50-billion loan in June this year. 
Source- AIR World Service

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Managing Director of IMF- Christine Lagarde, Headquarters in- Washington DC, USA. 
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