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Argentina asks IMF to restructure debt payments: minister

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Argentina asked the International Monetary Fund to restructure its debt payments on the US$56 billion bail-out loan agreed last year in a bid to calm market turbulence, finance minister Hernan Lacunza said Wednesday.

[BUENOS AIRES] Argentina asked the International Monetary Fund to restructure its debt payments on the US$56 billion bail-out loan agreed last year in a bid to calm market turbulence, finance minister Hernan Lacunza said Wednesday.

Recession-hit Argentina has suffered market volatility since business-friendly President Mauricio Macri was trounced in party primaries three weeks ago by leftist challenger Alberto Fernandez.

Debt repayments are due to begin in 2021.

AFP

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