International Finance: Argentina Says IMF Economic Plan Would Derail Its Recovery

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 84%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Argentine Economy Minister Martin Guzman said the economic plan proposed by the International Monetary Fund as part of a $40 billion debt renegotiation would derail the country’s recovery.

While Argentina and the IMF are “on the same page” on the level of foreign reserves needed to support the country, they disagree on how quickly the government must reduce its fiscal deficit, Guzman said Wednesday as he laid out his most detailed vision yet for negotiations with the Fund.

“What we have is support of part of the international community but not all of it,” he said. “That’s the reason why there isn’t yet an agreement on this fundamental point, which is the fiscal issue.” Argentina owes the IMF $2.8 billion in March, a payment many analysts see as a deadline to reach a deal considering the central bank’s thin reserves. Some economists became more pessimistic about that deadline after watching Guzman on Wednesday, noting that he made no mention of improving Argentina’s business climate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent TreytonAdam who guided me and help me make a living through my crypto with my LUNO app , I recommend you to him now and also be a successful benefactor

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.