Argentina overcomes debt hurdle for now

ARGENTINA - Argentina has won a year's extension on the repayment of a key loan from the International Monetary Fund.

The extra time has allowed the country to avoid defaulting on a separate loan from the Inter-American Development Bank, keeping that source of funding alive.

The IMF said in a statement that it agreed to delay the loan repayment because Argentina could not have make it without "undue hardship or risk".

The leniency could be a positive sign for the ongoing negotiations over new

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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