Argentina seeks accelerated release of $50bn IMF bailout

Unexpected appeal for early payment of loan comes as peso plummets

Peso Argentina
The peso has lost more than 45% of its value against the US dollar this year
(Image credit: Getty Images)

The International Monetary Fund (IMF) is reportedly considering a request from Argentina for the early payout of a $50bn (£38bn) loan, as the country’s economic crisis worsens.

The unexpected appeal from Argentine President Mauricio Macri follows “a collapse in investor confidence” in his government that sent the peso tumbling more than 7% yesterday, says RTE.

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