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International Monetary Fund managing director Kristalina Georgieva confirms that Zambia, the first African nation to default following the COVID-19 pandemic, has agreed to a debt agreement with foreign creditors concerning US$6.3 billion of its debt.
2023-10-12

The International Monetary Fund approves a US$3 billion bailout deal for Pakistan to avert its potential debt defaults and regain economic stability.
2023-07-12

Argentine President Alberto Fernández orders the payment of a compensation of $861,860 dollars for the abduction and torture of an Uruguayan couple in 1976 after the Inter-American Commission on Human Rights condemned Argentina for the first time over its failure to investigate and compensate crimes that occurred during its last military dictatorship.
2023-04-28

The International Monetary Fund provisionally approves a US$2.9 billion bailout for Sri Lanka.
2022-09-1

Argentina announces that they will pay $250 million to the Paris Club and $350 million to the International Monetary Fund (IMF) to avoid default. Economy minister Martín Guzmán asks both entities to restructure the debts in order to make payment viable. The IMF has expressed its willingness for the payment after months of negotiations on a $45 billion debt acquired by the previous administration.
2021-07-28

The International Monetary Fund reaches an agreement with the government of Ecuador to lend $6.5 billion to help fund the country's economy amid the pandemic and the subsequent fall in oil prices and finalize a debt restructuring deal with its international investors.
2020-08-28

The government approves a proposed deal with the U.S. Securities and Exchange Commission (SEC) to restructure around $65 billion in foreign government bonds, following President Alberto Fernández's successful negotiations with creditors and the International Monetary Fund the previous week after the country defaulted in May. The government plans to submit the proposal to the SEC on August 17.
2020-08-15

After Argentine President Mauricio Macri comes second in Argentina's primary elections, the country's peso loses 15% of its value against the US dollar.
2019-08-12

Following a court order that payments to most bondholders be stopped until holdouts were paid, Argentina has defaulted on some of its bonds after negotiations fell short of reaching a deal with hedge fund investors demanding a full payout of US$1.3 billion on bonds.
2014-07-31

The International Monetary Fund loans US$114 million to Haiti following the recent earthquake devastation, with the full amount due to be transferred by the end of the week.
2010-01-28