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Story summary
- Argentina is negotiating a US$2 billion loan from private banks, backed by World Bank guarantees, to refinance debt.
- Economy Minister Luis Caputo leads the talks in Washington during IMF meetings.
- The loan would be repaid over six years with a three-year grace period and about 5% interest.
- The World Bank has announced its support for the loan, which requires board approval.
- Argentina also seeks additional guarantees to secure lower-rate financing.
