The Canuelas Golf Club is spread out on 178 acres of pristine pampas grassland on the western outskirts of Buenos Aires. Inaugurated in 2014, the club plays host to the Latin American PGA Tour and is the pride and joy of its owner, the corporate titan Aldo Navilli. But the club has now drawn the attention of another set of investors as well: Creditors including ING, Rabobank and the World Bank’s International Finance arm.

When they meet Tuesday to discuss the currency crisis, senior officials from Argentina and the International Monetary Fund will seek a response that strikes a balance between domestic policy changes and external financing aid, a task that has been complicated by political and trust issues, a Bloomberg View reported. While Argentina is almost certain to get some concessions from the IMF, a decisive solution will be far more difficult and will require a lot of courage and skillful risk-taking on both sides.

A currency crisis is driving Argentina deeper into a recession. The peso is down more than 50 percent so far this year, competing in a race-to-the-bottom with the Turkish lira as the worst-performing currency in emerging markets, Bloomberg News reported. An emergency measure by the central bank, hiking interest rates to 60 percent from 45 percent, didn’t stop the peso’s plunge. Nor has selling reserves. Analysts say the lack of a clear, consistent strategy in South America’s second-largest nation is causing investors and the public to lose faith in the government of President Mauricio Macri.

Argentina’s currency crisis deepened on Thursday as an emergency interest-rate increase to 60 percent failed to stop jittery investors from pulling their money out of the country, Bloomberg News reported. The peso extended losses after the bank raised its benchmark measure by 15 percentage points to a global high. The hike, the second this month, was the latest attempt by policy makers to defend a currency that’s lost more than half its value this year.

Mauricio Macri’s presidency was meant to lead Argentina out of a dismal period of debt defaults, currency controls and recession, Bloomberg News reported. Markets show investors are losing faith in the new dawn for South America’s second-largest economy. Argentina’s yield spread over Treasuries -- the extra cost it pays to borrow in the bond market compared with the U.S. -- has climbed this month to the highest since December 2014. The spread surpassed Ecuador’s, which has the dubious distinction of having the second-most defaults in the world since 1800, for the first time since May 2015.

The International Monetary Fund said it was studying a request from Argentina to speed up disbursement of a $50 billion loan program after a collapse in investor confidence in President Mauricio Macri's government sent the peso tumbling more than 7 percent on Wednesday, the International New York Times reported on a Reuters story. It was the biggest one-day decline in the peso since the currency was allowed to float in December 2015. It closed at a record low of 34.10 per U.S.

Argentine police raided two homes of ex-President Cristina Kirchner, in the latest graft probe involving a former Latin American president as a sweeping anticorruption movement takes hold in the region, The Wall Street Journal reported. The search on Thursday of Mrs. Kirchner’s Buenos Aires apartment and a home in the southern Patagonia region came a day after the Senate partially lifted her immunity from prosecution as a sitting senator, deepening an investigation that prosecutors say is laying bare a widespread corruption scheme during her administration.

Argentina’s economic woes may spell the end of traditional mergers and acquisitions this year, while paving the way for some companies to snap up battered assets, according to Lazard Ltd.’s Matias Eliaschev. “Currency volatility, increased country-risk spreads and general turmoil in emerging markets will make closing transactions more challenging,” Lazard’s chief executive officer for Latin America, excluding Mexico and Brazil, said in an interview, Bloomberg News reported.

Struggling to staunch a run on the peso that has helped drive the economy to the brink of recession, Argentina is aggressively pushing investors out of some of the local debt notes they hold, Bloomberg News reported. It is a risky gambit -- the opposite of the kind of measure a country would typically take at a moment of great financial duress.

Cristina Fernández de Kirchner, the former president of Argentina, on Monday sought to paint herself as the victim of a conspiracy in the face of bribery allegations that have unsettled markets and led to comparisons with the corruption inquiry that has shaken Brazil, the Financial Times reported. Ms Fernández de Kirchner called for the case to be abandoned in written testimony on the first day of her trial, and took to Twitter to denounce what she claimed was a conspiracy between Mauricio Macri, her successor, his media allies and Claudio Bonadio, the presiding judge.