Agertina President accuses IMF of seeking to ‘impose austerity’

President Alberto Fernández has accused the International Monetary Fund (IMF) of seeking to “impose” a programme of “austerity” on Argentina that would limit future growth. Speaking in an interview with local radio station AM750, the Peronist leader confirmed that his government is still seeking a deal to restructure its US$44-billion debt with the multilateral lender, … Read more

Martín Guzmán

Markets react negatively to government’s IMF presentation

Argentine dollar bonds fell the most since September after Economy Minister Martín Guzmán criticised spending cuts proposed by the International Monetary Fund, highlighting the difficulties ahead in securing a new agreement. Notes maturing in 2041 dropped one cent to 32.8 cents on the dollar, the biggest decline since September 20, according to data compiled by … Read more

IMF sees upside in delaying Argentina deal after October

Officials at the International Monetary Fund see some benefit in delaying a US$ 45-billion agreement with Argentina after the nation’s midterm election in October, with talks yielding little progress six months after they began, according to people familiar with the situation. While IMF negotiators prefer to hash out a deal with Argentina as soon as … Read more