The Business Times

Argentina asks IMF to restructure debt payments: minister

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Published Wed, Aug 28, 2019 · 10:47 PM

    [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

    IMFDebt restructuring

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