Argentina, the IMF’s largest debtor, seeks new agreement after many failures

The Fund's omnipresence in Argentina's economic life is indisputable: in more than half of the 65 years of its relationship with the organization, the country has been under the parameters of an IMF program.

RIO DE JANEIRO, BRAZIL - Argentina, the largest debtor of the International Monetary Fund (IMF), is seeking a new agreement with the financial organization, dragging behind it a history of failed programs that have played a major role in the troubled evolution of South America's second largest economy over the last six decades.

The IMF, which on Tuesday celebrates 75 years since the beginning of its operations, added Argentina as a member on September 20, 1956, and in 1958 granted its first loan to Argentina.

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