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IMF strikes preliminary Argentina deal as market return dims

The International Monetary Fund reached a staff-level agreement with Argentina on the third review of its US$20-billion loan programme, toning down language around the nation’s return to international capital markets. The agreement, pending approval from the IMF’s executive board, would disburse US$900 million to the government of President Javier Milei. Most of the US$20-billion programme has already been sent in prior reviews.  [...]