Mauricio Macri

Argentine economy minister Martin Guzman, who led debt renegotiations with the International Monetary Fund, announced his resignation Saturday, sparking fresh uncertainty in Latin America's third largest economy.

Argentina has reached an agreement with the International Monetary Fund to refinance more than $40 billion in debt, President Alberto Fernandez has said.

"We had an unpayable debt that left us without a present or a future, and now we have a reasonable agreement that will allow us to grow and comply," Fernandez said on national television on Jan. 28.

International Monetary Fund chief Kristalina Georgieva congratulated Alberto Fernandez, the winner of the Argentine presidential election, and promised to work with his government to stabilize the economy.

According to AP findings, the elections could lead to a political upheaval in Argentina, as according to the polls, the country's Peronist center-left are ready to return to power under Alberto Fernndez, while it is expected that due to "a bruising economic crisis", significantly less support will be given to the incumbent Conservative President Mauricio Macri.

Argentina's government authorized currency controls on Sept. 1in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner.

Top Argentine finance officials met with a team from the International Monetary Fund on Aug. 24, the Treasury Ministry said, while tens of thousands of supporters of President Mauricio Macri gathered just outside the presidential palace, waving national flags and cheering.

The day will also see a highly anticipated meeting between US president Donald Trump and Chinese leader Xi Jinping, whose nations have been embroiled in an escalating trade war with new US tariffs on Chinese goods set to take effect a month from now.

Argentina's President Mauricio Macri said on Aug. 29 that the International Monetary Fund has agreed to accelerate funding in support of his government's austerity program, but the move did little to calm the market as the country's currency came under renewed pressure.

BBC - The International Monetary Fund has agreed to lend Argentina up to $50bn (£37.2bn) as the country seeks to bolster its struggling economy.

The three-year agreement must still be approved by the IMF board.

Argentina, which has been plagued by economic problems for years, asked for assistance from the IMF on 8 May after its currency hit an all-time low.

Federal prosecutors brought terrorism charges Wednesday against the Uzbek immigrant accused in the truck rampage that left eight people dead.

Prosecutors said the suspect was spurred by the Islamic State group’s online calls to action and picked Halloween because he knew more people would be out on the streets.