Argentina is negotiating with banks for a loan of up to US$7 billion, Economy Minister Luis Caputo said Wednesday, amid dwindling international reserves and debt maturing in January.
Speaking at an event attended by leading business figures, the official spoke of negotiations for between US$6 billion and US$7 billion with various private institutions.
"The banks have offered us US$6 billion, US$7 billion... and we are seeing how much we will accept.
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