(22 Aug 2001)
1. Various street scenes
2. Various of newspaper headlines about IMF decision
3. Various of Argentinian stock exchange
4. Various of students protesting against cutbacks in education
5. SOUNDBITE: (Spanish) student: "It is as if we are trying to solve something when money is not the solution. At the moment money from abroad is not the solution. Because the money that Argentina is getting is a gift to pay an external debt which is not that of the Argentinian people. We want money to do the things that need to be done in this country. In order to revitalise industry and to do many things that we need to get done. What use is it to ask for money to pay a debt when next year we'll only have to pay more?"
6. SOUNDBITE: (Spanish) student: "I don't agree with what the I.M.F. is doing. I think we have to finally finish being dependent on them. We have to seek a way to solve this."
7. More of students' protest
STORYLINE:
The Argentinian stock market went up considerably on Wednesday after weeks of slow trade.
The change was attributed, in part, to the latest decision by the International Monetary Fund to grant a financial package to Argentina.
After lengthy negotiations, the International Monetary Fund has agreed to offer Argentina an additional 8 billion U.S. dollars in loans, which will bring to 22 billion U.S. dollars the amount of IMF aid available to help the country weather a severe economic crisis.
The new money comes with a series of conditions that the United States demanded be included in an effort to make sure the economic rescue package had a better chance of healing South America's second-largest economy.
Argentina's problems have reverberated through financial markets in Brazil and other countries in the region.
Fears have been aroused of a repeat of the Asian crisis in which troubles that began in Thailand pushed 40 percent of the globe into recession as investors rushed to take money out of volatile emerging markets.
However, initial market response to the new I.M.F. loans was strongly positive on Wednesday with Argentine stocks soaring in value in early trading.
Agreement on the new package was announced late on Tuesday night by I.M.F. Managing Director Horst Koehler after 12 days of talks with an economic team from Argentina led by Finance Minister Daniel Marx.
However, the agreement has not stopped the daily protests against government cuts that have gripped Argentina for months.
On Wednesday students protested at cutbacks in education in the streets in front of the Buenos Aires University.
Many of the students said they did not believe the new I.M.F. package would solve the country's problems.
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