A spokesman for the fund on Friday called recent discussions "very productive" but had declined to provide a timeline for a potential agreement. On Saturday, Argentina seconded that view.
"We continue to advance in milestones and in areas of agreements. We are well on our way in constructing , step by step," Sergio Chodos, Argentina's representative to the IMF, told a local radio station, according to a statement from the Argentine government. "The sooner the better." "The level of unsustainable debt that Argentina has is clear. Argentina has to access a new program with the IMF to pay what is owed," added Chodos.
The Argentine economy has been hounded by persistently high inflation for more than two year, a problem made worse by the still lingering coronavirus pandemic.Our Standards:Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.