News of international development

Musk says Trump 'shutting down' US humanitarian aid agency

Today 13:07 Experts warn move would to close US$40-billion USAID humanitarian agency could be a "disaster for US foreign policy."

Economy

Argentina's reserves fall to 17-year low after US$2.6-billion payment to IMF

01-08-2023 16:28 Argentina's Central Bank reserves drop to 2006 levels, raising currency devaluation concerns amid high inflation and an upcoming recession.

Economy

IMF to loan Argentina as much as US$10.8 billion this year

31-07-2023 16:08 The International Monetary Fund has agreed to provide Argentina with up to US$10.8 billion in loans as part of a refinancing agreement, allowing the country to navigate its economic challenges ahead of the presidential elections, but meeting the fiscal and reserve accumulation goals will pose significant challenges according to analysts.