Argentina slumps again as Macri returns to IMF

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Argentina slumps again as Macri returns to IMF

Argentina, Mauricio Macri
Argentina's President Mauricio Macri gives a statement at the government house in Buenos Aires, Argentina, Thursday, April 7, 2016. An Argentine prosecutor on Thursday asked for an investigation into President Mauricio Macri's role in offshore companies, adding to the global fallout from a massive leak of documents from a Panama law firm. (AP Photo/Natacha Pisarenko) | Natacha Pisarenko/AP/Press Association Images

President Mauricio Macri’s announcement on Wednesday that Argentina had asked the IMF to bring forward some disbursements of its $50bn stand-by agreement could not arrest a slide in the peso or government debt.

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