Word: alfonse
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Dates: during 1980-1989
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In the arrangement announced last week by Grinspun at the joint annual meeting of the World Bank and the IMF, Argentina pledged to clamp down on its money supply and credit, push up interest rates (currently 15.5% for deposits) in order to encourage savings, slow inflation, and stem the outflow...
In return for agreeing to the new measures, Argentina will get $1.4 billion in IMF loans during the next 15 months. But the money will not start flowing until December, assuming the IMF board gives final approval to the deal worked out last week. That will give Argentina time to...
The day after Argentina worked out the arrangement with the IMF, Grinspun and Alfonsín were in New York City, pressing their case before a few powerful bankers at a luncheon given by former Secretary of State Henry Kissinger. IMF Managing Director Jacques de Larosière has also...
There were doubts that Argentina will be able to live up to the terms it agreed to last week. The political situation in the country remains tense, and workers may rebel at the austerity. But the IMF seemed ready to give Alfonsín the benefit of the doubt. If...
A week of diplomacy and political drama was set to begin Sunday, with Reagan playing host at a reception at New York City's Waldorf-Astoria Hotel for 150 leaders of delegations to the General Assembly session. Among other heads of state who planned to attend were Salvadoran President...