Argentina: IMF, unsustainable debt

(ANSA) - NEW YORK, FEBRUARY 19 - Argentina's debt levels are unsustainable and a "significant contribution" from private bond holders will be needed to restore "sustainability". The IMF says so at the end of its mission in Argentina. The evaluation of the Fund opens the way to a possible request by Buenos Aires for bond holders for a haircut. "The IMF staff had constructive meetings with the Argentine authorities.
We share the authorities' goal to bring growth and reduce poverty ", the Fund says at the end of the mission in the country." The Argentine authorities are moving to face the difficult economic and social situation that the country is facing. They have adopted a series of policies to tackle rising poverty but also to stabilize the economy "adds the IMF.