02/04/2021 13:16
Clarín.com
Economy
Updated 02/04/2021 13:16
The Monetary Fund confirmed today that it is preparing a new mission with the country, to seek an agreement that allows
rescheduling the maturities
that Argentina maintains with the multilateral organization.
As reported the plan is to close the deal before May.
IMF spokesman Gerry Rice confirmed that "
a new formal mission would be carried out in the coming weeks
so that the work undertaken" between the parties can continue, he said during the biweekly press conference.
This is
the third formal mission
that Argentina will have since the Government of Alberto Fernández announced its desire to seek a new agreement with the IMF, in August 2020, and due to the circumstances of the pandemic, it will be virtual, confirmed Rice .
The IMF official also spoke about the possibility of the Minister of Economy, Martín Guzmán, making a trip to Washington to continue with the ongoing negotiations, and in the times set by the Argentine government.
"We understand that the Argentine authorities
may come to Washington
in the next few weeks, but I do not have precise information on when," Rice said when asked about it.
"The exchanges between Argentina and the IMF team continue," said Rice, in the sense of "achieving a program that could be underpinned through an Extended Facilities Agreement."
He also referred to the statements made by Martín Guzmán last week, who reiterated that he hopes to reach an agreement before the end of May.
"We will do everything possible to
meet the deadline suggested
by Minister Guzmán," Rice said.
Asked about the virtual nature of the next mission, Rice indicated that "the situation depends exclusively on the health protocol in which we are confronted, we are in a second wave of pandemic, and if we think of a virtual meeting it is to safeguard health security such as ours, "he justified.
Argentina requested to reschedule the
US $ 45,000 million
debt
with the IMF through a new Extended Facilities Agreement, in order to replace the stand-by program signed in June 2018, where almost all of the maturities that the loan must face country are between 2021 and 2023.
The new agreement would allow these maturities to be extended to ten years, and a four-year grace period to begin paying the debt.
AQ
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