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Posted on: Wed 28 Oct 2020 – 2:56 AM | Last update: Wednesday, October 28, 2020 – 2:56 am
Sergio Choudos, Director of the South America Department at the International Monetary Fund, said that the basis of the financing program that the Fund is negotiating with Argentina, which is just refinancing the latter’s loans with the help of the Fund, “remains the same” but “it is possible to agree in the end on a slight increase in the size of the program.”
Bloomberg News quoted Choudos as saying that the size of the IMF program is a “key component” and must be commensurate with the financing and financial needs of Argentina, which have not yet been determined.
He added that Argentina’s needs for any new program could be slightly larger than the current program. This is not the basic scenario, but it could happen.
It is noteworthy that the IMF mission will return to Argentina next month to continue talks with government officials in Buenos Aires on a new program to finance debts owed by Argentina, worth 44 billion dollars.
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