BUENOS AIRES — The United States granted Argentina a $380-million bridge loan to help it make interest payments on its $54-billion foreign debt, Central Bank President Jose Luis Machinea said Monday.
Argentina must pay $490 million in interest on its debt pending from 1987 by the end of March. But private banking sources in Buenos Aires say the country's reserves stand below $400 million.
Economy Minister Juan Sourrouille said Sunday that Argentina would receive a $550-million standby loan from the International Monetary Fund and other international agencies.
Machinea told Reuters that two-thirds of that sum was being loaned by the United States.
"It's a direct loan from the U.S. government based on $400 million the International Monetary Fund is going to disburse as part of a standby loan," Machinea said.