IMF responds positively Argentina’s demand for restructuring of debt payments on a $56 billion bail-out loan
Argentinian Minister of Finance Hernan Lacunza gives a press conference in Buenos Aires, on August 20, 2019.
Debt repayments are due to begin in 2021 while the latest loan disbursement of $5.4 billion is expected next month.Lacunza said the government has "proposed the start of a dialogue to roll back the debt repayments." The Central Bank bought $300 million in pesos on Tuesday to try to calm markets but the currency still depreciated by almost 2.5 percent.
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