money whereas i was negotiated a loan from the international monetary fund in june to stabilize the economy but just three months later it wants to renegotiate that agreement because things are getting worse and the i.m.f. says it s getting to do more like paying the next installments of the loan have been planned but first the two sides need to come to an agreement in washington today. a cheerful reunion but it wasn t long ago that christine like out a nickel asked to help me every the fifty billion dollar loan but now they re back at the negotiating table the first third of that loan was already paid out in june and the next installments are scheduled for the coming months but that s not fast enough for the argentinian economy minister he wants the second tranche in the next few weeks otherwise his country faces insolvency when.
authority says it hopes that kenya is setting an example for its neighbors as well as countries beyond africa. everything is getting pricier in argentina food electricity buses schools this year inflation in the country is expected to reach around thirty percent and at the same time the peso continues to tumble since the beginning of the year the argentinian currency has lost forty five percent of its value against the dollar the country s central bank has spent weeks desperately selling off its currency reserves in an attempt to stabilize the peso but it hasn t helped nor has president motorists your mccready s appealed to the i.m.f. to speed up december first months from the country s fifty billion dollar line of credit foreign investors and the public have lost faith we could all give me the market doesn t trust the government and especially the government s economic team i
attempt to stabilize the peso but it hasn t helped nor has president maurice your mccready s appeal to the i.m.f. to speed up december first months from the country s fifty billion dollar line of credit foreign investors and the public have lost faith we could have given it the market doesn t trust the government and especially the government s economic team i think that if the finance minister and central bank president louise capital doesn t step aside very soon things will get much worse the main problem is that those in charge have lost. credibility. that they re only. and yet until recently the center right president was seen as a dynamic reformer he opened argentina up for trade and investments attracted companies to the country all paid for with foreign capital but now it s not clear if the loans will be repaid debt payments of almost twenty five billion dollars are due next year. one reason for the crisis rising interest rates in the
dollar with investors reacting to president modest so mcnamee s appeal to the international monetary fund to speed up this and bergman s from the country s fifty billion dollar credit line. mr markey says the cash is needed to ease the country s financial crisis stabilize turbulent markets and guarantee compliance with next year s financial program uncertainty over inflation and they can all make downturn and budget deficits have sent the pace of tumbling forty percent since the beginning of the year the i.m.f. has said it will reexamined its payment schedule. and argentina is having trouble keeping up its currency at the same time the turkish lira is dropping and venezuela s ball of our seems beyond repair earlier i asked our markets man paul brits in frankfurt if these scenarios are shocking investors. alarm bells are ringing not just about argentina where investors are already pulling out but more globally analysts have warned that a global emerging market crisis is becoming more li
dollar the country s central bank has spent weeks desperately selling off its currency reserves in an attempt to stabilize the peso but to no avail nor has president maurice reasoned pealed to the international monetary fund to speed up december cements from the country s fifty billion dollars credit line foreign investors and the public have lost faith. and we re going to resume though the money it doesn t trust the government and especially its economic team i think that if the finance minister and the central bank president don t step aside very soon things will get much worse it s not a case of poor economic decisions the main problem is that those in charge have lost credibility if they re going to go as a bonus you know. go for go tos at the moment. and yet until recently the center right president was seen as a dynamic reformer he opened up for trade and investments attracted companies to the country all paid for with foreign capital but it s not clear whether the loans