IMF hopeful Argentina can restore debt sustainability - spokesman
- Country:
- United States
The International Monetary Fund is hopeful that Argentina can reach a debt agreement with a large number of creditors that will restore sustainability to its debt, a spokesman said on Thursday. Gerry Rice, director of the communications department at the IMF, said in a scheduled press conference the Fund is "hopeful that an agreement with high creditor participation can be reached that restores that sustainability with high probability."
Rice added that Argentina's negotiations with private creditors, which have a self-imposed deadline on Friday, are a bilateral matter and as standard practice the Fund is not involved.
ALSO READ
-
From Oil Shale to Wind Power: Estonia’s High-Stakes Plan for Cheaper, Secure Electricity
-
Colombia's IMF Gamble: Can Fiscal Reform Restore Confidence Without Sacrificing Economic Growth?
-
From Market Access to Market Power: What African Firms Need to Capture AfCFTA’s Trade Gains
-
Too Many Homes, Too Little Spending: Inside China’s Deepening Housing and Consumption Divide
-
IDB Approves $400 Million for Argentina to Strengthen Security and Reform Prisons
Google News