The Eleventh Hour

Weekly  Reports


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The Eleventh Hour

Fifth week
April 2021

This week Argentina will make a payment of 300 million dollars to the IMF in interest, but it will not pay the Paris Club instalment of almost 2.5 billion that is also due in May. In principle, it will use the two months grace period allowed by the Club's rules before declaring Argentina in default. We believe that the Paris Club maturity will not be paid, but there are some movements in the government to do so. This question is not fully defined.