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MercoPress, en Español

Montevideo, November 21st 2024 - 22:17 UTC

Tag: IMF mission

  • Thursday, February 13th 2020 - 10:12 UTC

    IMF mission begins talks in Argentina; Government presented his fiscal plan to Congress

    Minister Guzman, along with Georgieva in the photo, presented his plan to Congress on Wednesday, lamenting that “the country faces a debt burden preventing it from avoiding a recession spiral.”

    Recession-hit Argentina opened talks on Wednesday with a team from the IMF, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt. The delegation, led by Julie Kozack and Luis Cubeddu, arrived in Buenos Aires for a week-long visit as left-wing groups staged public protests to demand a suspension of debt payments.

  • Wednesday, February 12th 2020 - 09:28 UTC

    Challenging week for the Fernandez administration as the IMF mission arrives in Buenos Aires

    One card the government did show was what it’s asking of the IMF: “more time” to pay the capital amortization of its latest loan, according to Martín Guzman

    A challenging week for the administration of Argentine president Alberto Fernandez and his foreign debt strategy. IMF negotiators land in Buenos Aires this Wednesday for their first mission since Fernandez took office in December. Before agreeing to any changes in the terms, negotiators will want to see Fernandez’s blueprint for tackling more than US$ 320 billion in total debt and for rescuing an economy that’s forecast to shrink for a third straight year.