As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
The Eleventh Hour
Weekly Reports |
Back to
Back to :
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.