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'Sooner the better': Argentina says talks with IMF on track

Sunday, July 18, 2021
'Sooner the better': Argentina says talks with IMF on track © Reuters. FILE PHOTO: Argentina's President Alberto Fernandez poses next to International Monetary Fund (IMF) Managing Director Kristalina Georgieva, at the Sofitel hotel in Rome, Italy May 14, 2021. Argentine Presidency/Handout via REUTERS/File Photo

BUENOS AIRES (Reuters) - Talks between Argentina and the International Monetary Fund (IMF) are advancing, the Argentine representative to the development bank said on Saturday, a fresh sign of progress as the ailing South American grains producer continues negotiations to pay down its $45 billion debt to the Fund.

A spokesman for the fund on Friday called recent discussions "very productive" but had declined to provide a timeline for a potential agreement. On Saturday, Argentina seconded that view.

"We continue to advance in milestones and in areas of agreements. We are well on our way in constructing (the deal), step by step," Sergio Chodos, Argentina's representative to the IMF, told a local radio station, according to a statement from the Argentine government. "The sooner the better."

"The level of unsustainable debt that Argentina has is clear. Argentina has to access a new program with the IMF to pay what is owed," added Chodos.

The Argentine economy has been hounded by persistently high inflation for more than two year, a problem made worse by the still lingering coronavirus pandemic.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

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EUR/USD

1.0793

+0.0006 (+0.06%)

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GBP/USD

1.2624

+0.0002 (+0.02%)

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USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

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Buy (12)

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0.6522

+0.0007 (+0.11%)

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163.37

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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Cập nhật 31-03-2024 10:19:52
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