BUENOS AIRES: Argentina’s Senate on Thursday gave final approval to an agreement with the International Monetary Fund that restructures a $45 billion debt, clearing the country’s short-term financial horizon but leaving a serious inflationary challenge.
The late-night vote greenlights the new credit program ironed out between Argentine officials and IMF staff as they sought to finalize the debt, the legacy of a record loan contracted in 2018 by the government of former president Mauricio Macri.
Outside the Senate, several hundred people demonstrated, called by unions and leftist movements to oppose the restructuring.
Last week, the agreement won the approval of the Chamber of…
