Argentina plans to reach agreement with IMF in early 2021 | Economy | America Edition

The Argentine government anticipated on Tuesday that negotiations with the International Monetary Fund (IMF) to renegotiate the debt of about 45 billion dollars will be “hard” and will last for several months, so it is estimated that the agreement will only be reached in the beginning of next year.

Negotiations with the IMF represent “the next step” for the Peronist government, Alberto Fernández, to advance the normalization of Argentina’s macroeconomic problems, after the agreement signed with the main private creditors to restructure the sovereign debt in dollars under the scope of foreign law, in exchange that will end on August 24, highlighted the Minister of Economy, Martín Guzmán.

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