Argentina seeks $44b IMF deal to repay debt
Reuters | Sunday, 31 January 2021
Argentina’s Economy Minister Martin Guzman is pushing for a deal by May with the International Monetary Fund to repay $44 billion in debt, the Wall Street Journal reported on Saturday, citing his interview.
For the deal, Guzman plans to narrow Latin American country’s budget deficit this year to about 6 per cent of annual economic output, from 8.5 per cent in 2020, the report added.
Argentina and the IMF are currently in talks to renegotiate a failed $57 billion programme from 2018 which was the largest in the fund’s history.