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Argentina to discuss loan repayment with IMF in US

AFP

Officials from Argentina’s economy ministry and central bank will travel to Washington Saturday for talks with the International Monetary Fund on repayment of a debt of $44 billion, both sides announced.

The meeting is aimed at “working on the search for an agreement, which we all expect to happen soon,” presidential spokeswoman Gabriela Cerruti told reporters Thursday in Buenos Aires.

An IMF spokeswoman told AFP a team from the crisis lender would meet the Argentine delegation “to deepen technical discussions toward an IMF-supported program.”

Argentina has received $44 billion of a $57 billion IMF loan arranged under former president Mauricio Macri.

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After taking office, his successor Alberto Fernandez refused to accept the rest of the loan.

Argentina, the IMF’s biggest debtor, has been in recession since 2018 and is seeking to renegotiate the loan.

So far this year, Argentina has made a $1.9 billion down payment on the loan, and paid $1.3 billion in interest.

The government has said it will make a further $1.8 billion down payment by December 18.

If no agreement is reached, Argentina would have to pay the rest to the Fund in installments through 2024, with the lion’s share to be reimbursed in 2022 and 2023.

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International

U.S. to Limit Visa Duration for Foreign Students and Journalists

The United States has announced new limits on the legal length of stay for foreign students and journalists, marking the latest tightening of immigration policies under President Donald Trump.

The changes, outlined in an administrative rule published on Thursday, are expected to take effect in September, unless Congress blocks the measure.

Under the new policy, holders of student visas will be allowed to remain in the United States for no more than four years.

Foreign journalists will be limited to 240-day stays—approximately eight months—with the possibility of applying for extensions of the same duration.

The policy imposes even stricter rules on Chinese journalists, whose visas will be capped at 90 days.

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More than 100 international news organizations and press freedom groups, including Agence France-Presse (AFP), criticized the measure in an open letter, arguing that it would reduce both the quantity and quality of international coverage of events in the United States.

The Republican Party, led by President Trump, currently holds a majority in Congress and has pledged to curb both illegal immigration and certain forms of legal immigration.

Previously, the United States generally issued student visas for the full duration of an academic program, while foreign journalists could receive visas valid for up to five years.

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Central America

Nicaragua Cuts Diplomatic Ties With Italy Over Red Brigades Dispute

The Nicaraguan government announced on Thursday that it is severing diplomatic relations with Italy following criticism from the Italian government over Nicaragua’s long-standing decision to shelter Alessio Casimirri, a former member of the Red Brigades convicted in Italy for the 1978 kidnapping and murder of former Prime Minister Aldo Moro.

Italian Foreign Minister Antonio Tajani criticized the administration of co-presidents Daniel Ortega and Rosario Murillo on Wednesday for continuing to provide refuge to Casimirri, who was sentenced in Italy to six life terms for his role in Moro’s abduction and killing.

In a statement issued Thursday, Nicaragua’s Foreign Ministry said it was ending all diplomatic relations with Italy, describing Tajani’s remarks as “unjustified, aggressive, and irresponsible.”

Tajani made the comments during a gathering of conservative leaders from Europe and Latin America held in Madrid.

“We have absolutely nothing in common with the positions of extremist governments such as Nicaragua, a country that continues to harbor dangerous Red Brigades terrorists like Alessio Casimirri,” Tajani said, according to Italian media.

The diplomatic break marks a new escalation in tensions between the two countries over the decades-old case involving Casimirri, who has lived in Nicaragua for many years despite repeated calls from Italy for his extradition.

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International

U.S. Strikes Hit Areas Near Strait of Hormuz as Tensions With Iran Escalate

Several U.S. strikes targeted areas near the Strait of Hormuz on Thursday, according to Iranian state media citing local authorities, as hostilities between the United States and Iran intensified.

Officials in Iran’s Hormozgan Province said the island of Qeshm was struck multiple times by what they described as U.S. missiles during the evening. The reports were carried by the Iranian news agencies Fars and Tasnim.

Iranian state television also reported that the Bandar Abbas region, located on the Iranian coast overlooking the Strait of Hormuz, was the target of what authorities described as an “enemy U.S. air attack.”

According to local officials quoted by state television, no casualties have been reported following the strikes.

The reported attacks come amid renewed military tensions between Washington and Tehran, although U.S. authorities had not immediately commented on the reported operations.

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