Argentina made an interest payment to the International Monetary Fund (IMF) on Monday for about 390 million dollars for the debt that the country contracted in 2018 and that amounts to about US $ 45,000 million, reported an official source from the southern country.
The government of President Alberto Fernández negotiates with the IMF a rescheduling of credit, seeking to extend terms and reduce the rate.
A government spokesperson added that the interest payment was made with funds from the same organization through special drawing rights (SDR) that were distributed in August among its members to face the blows of the COVID-19 pandemic.
For this reason, the international reserves of the central bank (BCRA) were reduced to 42,781 million dollars as a provisional figure, according to the report on Monday from the entity itself.
The South American country in September faced a payment of almost US $ 1,900 million in capital for its debt before the multilateral organization, a figure equal to what it will have to face as another installment before the end of the year.
Fernández, and the Minister of Economy, Martín Guzmán, participated in the G-20 meeting that took place this weekend in Rome, Italy, where they sought support to advance the negotiations with the IMF.
“The negotiation (with the IMF) is progressing with the difficulties that a negotiation entails, because there are many competing interests”, The president told reporters after the meeting.
A former official of the organization said recently that Argentina “he is not going to pay“To the Fund and that any agreement between the two will be a” temporary patch “that will only delay a bank run in the South American country.
“Argentina is not going to pay the IMF. Argentina will not carry out good macro-micro institutional policies”Said Alejandro Werner, who was the head of the IMF’s Western Hemisphere Department for nearly a decade before leaving office in August.
Argentina received in August the equivalent of US $ 4.334 billion in SDR, the IMF’s unit of measurement. The amount is enough to meet its commitments with the body for this 2021.
The 2022 budget project, which was sent to Congress for approval, provides for an agreement with the agency.
.
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
