IMF concludes its debt negotiation with Argentina

The mission of the International Monetary Fund (IMF) to negotiate a new Facility program with Argentina, which includes 10-year maturities of some 45,000 million dollars of debt from the South American country to the Fund, will conclude this Friday.

After 10 days of meetings, the mission led by the deputy director of the IMF’s Western Hemisphere Department, Julie Kozak, and the fund’s mission chief for Argentina, Luis Cubeddu, will depart for Washington, from where they will hold the remaining meetings of virtual form, according to Fund sources.

During the last week, the institution’s mission held virtual meetings with officials from the Ministry of Economy and the Central Bank, after a member of the IMF team tested positive for Covid-19.

Specifically, the members of the IMF held meetings with the Minister of Economy, Martín Guzmán; the president of the Central Bank of Argentina, Miguel Ángel Pesce, and the president of the Argentine Chamber of Deputies, Sergio Massa, among others.

According to the Argentine Minister of Economy, Martín Guzmán, the objective of the South American authorities is “to be able to reach a program with the IMF that allows us to refinance the scheduled maturities.“

K. Tovar

Source: dpa