The IMF confirmed that the Government requested postpone the three capital maturities that operate with the organization during October for a total of US$2,627 million. That is, everything will be paid after the elections.
According to the payment schedule, next Monday, October 9, the Government had to pay US$1,297 million in capital payments and, a week later, another US$648 million for the same concept. In addition, another maturity was added for US$682 million that operates on October 30, making up a total of US$2,627 million.
The ball of debt does not end there, at the beginning of November there is another maturity for US$800 million of interest maturities that cannot be postponed. Thus, at the end of October and the beginning of November They impose on Argentina to disburse US$3.4 billion. Despite the weakness of the Central Reserves, the bleeding of dollars to honor the debt continues.
For November, there will be a new review of the agreement with the IMF, on which a new disbursement depends, in this case for US$2.5 billion. In the meantime, we still have to know the electoral result and who will be in charge of renegotiating with the Fund.
Massa advanced with the adjustment to meet the Fund’s goals, in the first eight months of the year primary expenses fell 6.8% in real terms while debt interest increased 16.7%according to data from the Congressional Budget Office (CPO).
The Fund has already maintained contact with the Bullrich and Milei teams, and like the ruling party, they all share honoring the debt and complying with the IMF, submission to the empire will continue.
The only list that rejects the adjustment consensus and proposes a solution in favor of the popular majorities is the Unity Left Front with Myriam Bregman and Nicolás del Caño as candidates for president and vice president. It is necessary reject the agreement with the IMF and move around sovereign ignorance of debt.
2023-10-05 22:50:42
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