No loan to Argentina

Kevin Robert Dean qualiall_2 at yahoo.com
Wed Dec 5 18:44:29 PST 2001

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The International Monetary Fund has disappointed Argentina by effectively blocking a $1.3bn loan payment. The IMF said it could not hand over the loan because it had been unable to complete a necessary review.

The move is a major blow for the country's beleaguered economy minister Domingo Cavallo.

It also revives fears that Argentina could default on its massive debt of $132bn. Full Story: http://news.bbc.co.uk/hi/english/business/newsid_1694000/1694627.stm

===== Kevin Dean Buffalo, NY ICQ: 8616001 http://www.yaysoft.com

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