©Reuters. Argentina will continue to pay the IMF until a final agreement is reached
Buenos Aires, Jan 20 (.).- The Argentine government affirmed this Thursday that it will continue to pay debt maturities with the International Monetary Fund (IMF) until reaching a debt refinancing agreement for more than 40,000 million dollars with this organization.
“At the moment, we are carrying out negotiations and we do not know when the agreement with the IMF will move forward. We all know that Argentina has decided to pay as long as the agreement is reached,” the presidential spokesperson said at a press conference. , Gabriela Cerruti, regarding a capital maturity scheduled for next week of 751 million dollars.
These statements come two days after the Argentine foreign minister, Santiago Cafiero, traveled to Washington to meet with his American counterpart, Antony Blinken, with the negotiations with the IMF as a backdrop.
During his appearance, Cerruti underlined the US recognition of the “vigorous growth” that the Argentine economy is undergoing and denied that Washington had asked Argentina for an “economic plan” to reach an agreement with the IMF.
“At no time did the United States say what economic plan Argentina had to have or ask for any type of adjustment. It was a political conversation,” the presidential spokeswoman asserted.
Argentina seeks to seal with the IMF an agreement of extended facilities to refinance the debts contracted from the financial aid agreement signed in 2018 between the agency and the then Government of the conservative Mauricio Macri (2015-2019), which is currently around 41,000 million Dollars.
According to the 2018 agreement, Argentina should pay the agency, between capital and interest, 19,020 million dollars this year, 19,270 million in 2023 and 4,856 million in 2024, maturities that the Government of the Peronist Alberto Fernández has already said that the country, that is going through macroeconomic imbalances, is not in a position to face it.
The most voluminous commitments this year begin to operate in March, when Argentina should pay 2,838 million dollars, putting even more pressure on the country’s low level of net monetary reserves.
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