Argentine President to ask for more time to pay debt to IMFChristian Fernsby ▼ | February 14, 2020
Argentine President Alberto Fernandez announced yesterday that he will request more time to the International Monetary Fund (IMF), in order to pay the pending debt with that body, the amount of which has reached US$44 billion.
Business in Argentina President Alberto Fernandez
Topics: Argentine debt IMF
On the other hand, Fernandez called to banish the idea that Argentina used to always live with debt. We should try to get back into debt as little as possible and if we get into debt, it is to grow, not to pay debts, he said.
About the amount pending with the IMF, he stressed that the Mauricio Macri Executive took a very high debt and his administration hopes to ask for more time to settle it. 'The problem we have is how, with the so punctured economy, we can face it.'
Despite the economic outlook, with an economy in crisis, Fernandez was optimistic that the country will move forward after stressing that 'we fell a thousand times and always get up' and noted that he will give everything of him to pay the debt. ■