Argentina reached a debt deal with the INTERNATIONAL Monetary Fund


Buenos Aires, January 28 (People’s Daily Online) Local time on January 28, Argentine President Fernandez announced in a television address that the Argentine government has reached an agreement with the International Monetary Fund (IMF) on the debt issue.It marks the end of talks that began in earnest in August 2020, with the two sides agreeing to refinance nearly $45bn of debt.In his speech, Fernandez expressed confidence in Argentina’s future development, saying that the agreement does not place conditions on Argentina’s rights, does not limit the country’s economic growth, does not cause a major devaluation of the currency, and That Argentina can meet its obligations and achieve development through a reasonable agreement.Economy Minister Joaquin Guzman said the agreement needs to be approved by Argentina’s congress and that the government and the IMF still need to work on a memorandum of understanding, which will take several weeks.Argentina is said to have started negotiations with the IMF after completing a debt deal with international private creditors in 2020 of about $66 billion.Under the original agreement, Argentina had to make a payment of $718 million to the IMF on The 28th and another $366 million on the 31st.Disclaimer: The copyright of this article belongs to the original author. If there is a source error or infringement of your legitimate rights and interests, you can contact us through email or wechat, and we will deal with it in time.Email address: jpbl@jp.jiupainews.com;Wechat id: Jiupai6688 (Note to add and withdraw)

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