Argentina agrees deal to restructure crippling debt payments

ARGENTINA clinched a watershed debt rollover deal with the International Monetary Fund (IMF) on Thursday after a year of tortuous negotiations, gaining breathing space to find a way out of its worst ever financial crisis.

The IMF said its board would review the accord in the next few days.

The short-term deal involves a roll-over $6.6bn in debt which Argentina owes the fund .