MercoPress. South Atlantic News Agency
Fernandez tells IMF, “we want to make a commitment that we can keep”
Argentina’s president-elect, Alberto Fernandez, has a “sustainable” plan to meet creditor obligations as well as maintain growth, he told the International Monetary Fund´s managing director Kristalina Georgieva, his office said. Read full article
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Disclaimer & comment rulesYes a 100 pesos a day in perpetuaty
Nov 20th, 2019 - 10:51 am - Link - Report abuse 0The IMF has not option but to thread lightly with Argentina's future government, and provide realistic payback alternatives.
Nov 23rd, 2019 - 11:34 pm - Link - Report abuse 0Elected president Alberto Fernandez has already made a goodwill gesture by stating that the debt will be recognized and paid -- however, not at the cost of shrinking further the economy.
If negotiations are going to be successful, the IMF will have to -- at least implicitly -- acknowledge its co-responsibility in the phenomenal increase of Argentina's foreign debt.
The IMF's casual approach taken to lending an all-time record amount of money to the Macri government in spite of clear signs of mismanagement is something former director Christine Lagarde should be called to answer at some point.
Macri and his gang's irresponsibility had already been clearly shown long before private lenders stopped sending dollars to the country.
May be GC is right -- the debt should be paid back in pesos instead of dollars. However, I believe payments should be a bit larger than 100 pesos a day -- let's make it 1,000!
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