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Weekly Report - 14 June 2018 (WR-18-23)

ARGENTINA: IMF deal beset with political difficulties

On 7 June, the Argentine government announced a preliminary US$50bn Stand-By Arrangement (SBA) with the International Monetary Fund (much larger than the US$30bn that had been widely expected). Six days later, the Confederación General del Trabajo (CGT), the country’s main umbrella trade union movement, called a 24-hour general strike for 25 June. The two developments are not unrelated.

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