ARGENTINA this week lowered the desperation factor in its quest for $14bn of funds for 1999 by announcing its well anticipated $5.7bn package from multilaterals and private sector sources. The funds, announced by finance minister Roque Fernandez at the IMF meeting in Washington, will be enough to cover its needs until the second quarter of 1999 without having to go to the international bond markets.
October 09, 1998