Financials Dec 06, 2021 06:48 AM (GMT+8) · EqualOcean
Financial Associated Press, December 6 - on December 5 local time, a five member delegation composed of Argentine Ministry of economy and central bank officials began a new round of debt restructuring negotiations with the International Monetary Fund (IMF) on the repayment of the $44 billion arrangement loan provided by the IMF. The two sides will hold technical consultations in the coming week on how to adjust and realize the relevant economic development indicators proposed by the IMF. It is reported that since the current Argentine government came to power at the end of 2019, it has repeatedly said that it is unable to repay its arrears according to the agreement, and has started debt restructuring negotiations with the IMF since August 2020. After several rounds of talks, the Afghan side finally asked the IMF to extend the repayment period, extending the original three-year period to a four-year grace period and a ten-year repayment period, that is, to repay the remaining debt from 2026.