President Mauricio Macri has struggled to contain runaway inflation and could pay the price in October’s presidential election.
Argentina had secured $50 billion in financing as part of a deal worked out with the International Monetary Fund in June. Now the the Fund has agreed to raise the lending package by $7.1 billion.
The International Monetary Fund will accelerate funding in support of Argentine government's austerity program, President Mauricio Macri announces amid heightened volatility in markets.
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