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Argentina’s IMF Deal Bill Passes in Lower House

  • Lawmakers in Argentina approved a deal with the IMF to restructure a ruinous $45 billion debt ahead of a vote in the upper house.
  • With 204 votes in favor, 37 against and 11 abstentions, the package obtained "an affirmative result and will be communicated to the honorable Senate," chamber president Sergio Massa said.
  • After two years of negotiations, the cash-strapped government aims to close a deal before a March 22 payment to the IMF comes due and avoid a potential default with the Washington-based lender.

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