Government of Argentina will renegotiate the agreement with the IMF to postpone payments until 2022

The gigantic debt with the International Monetary Fund (IMF) continues to complicate a South American country. Argentina seeks to restructure payments of part of the 44,000 million dollars that you must return. The government of Alberto Fernández expects to postpone until the amounts corresponding to 2022.

Next year the trans-Andean nation must face maturities of US $ 19,000 million and does not have such capacity. The Peronist executive gave himself until the first quarter of the coming year to reach a new pact. For this reason, Argentine Minister of Economy Martín Guzmán went to the IMF.

The head of the fund, Kristalina Georgieva, said that “I met with Minister Guzmán and the commitment is to work constructively.” The head of the agency added that “we have to find a good point of agreement, where the agreement is credible and useful for Argentina “.

For Georgieva, the negotiation includes finding “a path so that Argentina can have firm policies to induce private growth, generate genuine employment and target public spending“. The country reports that for the trans-Andean president the talks “are on track.”

Page 12 It details that Argentina found support among the finance ministers and central bank governors of the Group of Twenty. G20 forum asked IMF to review its credit surcharges, a relevant point for the Argentine government.

Demonstration against the IMF in Buenos Aires during the pandemic in 2020

Demonstration against the IMF in Buenos Aires during the pandemic in 2020

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