BRIEFLY : Argentina repaid a $500-million Treasury loan.
In a brief statement, the Treasury Department said the repayment was made through money Argentina received from the IMF under a financial aid package approved last month. The United States provided the short-term “bridge” loan in December to help Argentina meet its huge foreign debt obligations until the complex IMF agreement took effect. The aid package of nearly $20 billion includes $1.4 billion from the IMF and $4.2 billion of new money from commercial banks.
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