Argentina’s debt with the IMF expires on Friday

The Government of Argentina has this Friday a debt maturity with the International Monetary Fund (IMF) of 730 million dollars corresponding to the 45,000 million loan that the agency granted in 2018 to the previous Administration of Mauricio Macri.

With this maturity, the Government enters a successive stage of maturities that continues on February 1st, with a payment of 365 million dollars, and continues with maturities of approximately 2.9 billion dollars in March.

The Executive continues to negotiate with the Fund a restructuring of the credit that it received in 2018. To the question of whether the Government will make the payment of the coming maturities in these months, there is still no answer.

This follows from the statements this Thursday by the spokesperson for the Presidency of Argentina, Gabriela Cerruti, who has not confirmed whether or not the Government will make the payment of interest owed.

The spokeswoman indicated that the government’s decision will be one or the other depending on “how the talks progress.”

Without offering more details, Cerruti explained that the South American country seeks a growth path in its agreement with the IMF, in addition to defending “the rights of workers and retirees, spending on social matters, investment in technical science, investment in education and the rights of workers and above all that the path of production and growth continues so that we can continue to arrive with genuine employment, with education, with good pensions for all Argentines”.

Source: dpa