May 14, 2018 |
Argentina has reached out to the IDB and CAF for additional lines of credit this week after already engaging with the IMF over a standby lending arrangement (SBA).
Rising US Treasury yields and a stronger dollar has triggered concerns that the US Federal Reserve could raise rates more aggressively than expected, which has pressured emerging market currencies.
And Argentina's peso has been hardest hit, prompting talks of credit lines to stem a currency that slid almost 4% on Friday to roughly ARS
Sovereign reaches out to LatAm development banks in a bid to curb the fledgling peso