IMF in 'initial stages' of Argentina loan talks

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The International Monetary Fund is 'listening to the Argentine authorities for their sense of priorities.'

The International Monetary Fund is in the early phase of talks with Argentina over a new rescue package, and is gathering information on how best to help the"We are in the initial stages of the process," IMF spokesman Gerry Rice told reporters, noting that fund officials are focused on"fact finding" and"listening to the Argentine authorities for their sense of priorities.

to restructure $66 billion in debt after months of tense negotiations, giving it $37.7 billion in debt relief.to agree new terms on the repayment of a $44-billion bailout loan agreed in 2018. Key topics in the talks include the government's"plans to strengthen macroeconomic stability, kick-start growth and job creation, and reduce poverty, unemployment, and, of course, to help Argentina fight the pandemic, which is an additional serious challenge," the official said.

 

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