Economy

Argentina's vice president pushes for delay to IMF debt deal until pandemic has eased, says FT

About a week ago, President Alberto Fernández said he believed the IMF should grant the country more flexible terms

Argentine Vice-President and President of the Senate, Cristina Fernandez de Kirchner
Photo: Reuters/Matias Baglietto

Argentina’s Vice President Cristina Fernández de Kirchner and her allies want to delay a $44 billion debt deal with the International Monetary Fund until the COVID-19 pandemic has eased, the Financial Times reported on Sunday, citing officials.

About a week ago, Argentine President Alberto Fernández said he believed the IMF should grant the country more flexible terms.

READ ALSO: Argentina’s Fernandez eyes ‘flexible’ IMF deal, possible farm tax hikes

Argentina has for months been in talks with the IMF to restructure the terms of a loan sought by Fernandez’s predecessor Mauricio Macri to confront an economic crisis that has sent poverty skyrocketing in one of the world’s top grains producers.

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