The managing director of International Monetary Fund (IMF), Kristalina Georgieva, highlighted that “they are working constructively with Argentina” and ratified the commitment so that the country ”has clarity about its medium-term objectives.”
Argentina’s economy ministry said on Monday it had exchanged Treasury bills with an original face value of 99.6 billion pesos (US$1.66 billion) in a debt swap auction to help push back its repayment schedule amid a wider economic crisis.