June 13, 2018 / 2:33 PM / 2 months ago

Argentina to use $7.5 bln from IMF deal to finance budget

BUENOS AIRES, June 13 (Reuters) - Argentine authorities have asked to use $7.5 billion of the $50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement on Wednesday.

Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank. (Reporting by Caroline Stauffer and Luc Cohen Editing by Chizu Nomiyama)

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