The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

Argentina asks IMF to restructure debt payments: minister

Published Wed, Aug 28, 2019 · 10:47 PM
Share this article.

[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

KEYWORDS IN THIS ARTICLE

Debt restructuring

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here