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IMF mission arrives in Argentina to reach debt agreement

Christian Fernsby ▼ | October 7, 2020
A delegation from the International Monetary Fund (IMF) arrived in Argentina with the aim of advancing an agreement to restructure the country's debt with that organization.
Argentina street
IMF   Argentina street
At the gates of the new negotiation, the southern nation will receive two envoys from the IMF, among them Julie Kozack, deputy director of the Western Hemisphere department, for a first exploratory stage in search of a new understanding that allows to rearrange pending payments.

Topics: Argentina

According to the local press, it is expected that during their visit the delegates of that body will join their representative in Argentina, Trevor Alleyne, to initiate this stage in the context of the request for the program of a restructuring, which takes into account the macroeconomic and social conditions of the country.

During their short stay, the Fund's emissaries will meet with the Minister of the Economy, Martín Guzmán, and with the head of the Central Bank, Miguel Pesce, as well as representatives from Congress, the private sector, unions and civil society.

The day before, in a meeting with members of the labor centrals, unions and businessmen, the Chief of Staff, Santiago Cafiero, thanked the support in this new dialogue that will be established with the IMF in order to delay the maturities of the debt borrowed by the previous government of Mauricio Macri in 2018.

In a recent interview with the website Ámbito Financiero, the Minister of Economy assured that the Government maintains a constant and constructive dialogue with the body headed by Kristalina Georgieva, in order to find an appropriate starting point.

He also added that this process will take time because the situation requires analyzing each point carefully to have an agreement that takes care of and helps Argentina.