Argentina is paying the IMF with help from Qatar, the latest creative measure by the South American nation to honor its obligations
with help from Qatar, the latest creative measure by the South American nation to honor its obligations with the IMF as foreign reserves stand near record lows amid a deepening economic crisis.
Qatar is providing a loan equivalent to $775 million in special drawing rights held with the Washington-based lender, Argentina’s Economy Ministry said in a statement Friday. It will repay the Middle Eastern nation in August once the IMF board approves a $7.5 billion disbursement that was agreed by Buenos Aires with the Fund’s staff last month.
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