Argentina repays its last installment of the year to the IMF
In total in 2021, Argentina repaid just over $ 5 billion to the IMF.
A loan that Alberto Fernandez and his center-left government are seeking to renegotiate.
Adrian DENNIS POOL / AFP
Text by: RFI Follow
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Argentina repaid, Wednesday, December 22, nearly 2 billion dollars to the IMF, the International Monetary Fund.
This is its last installment of the year, on a global loan of 44 billion dollars.
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In total in 2021, Argentina repaid just over $ 5 billion to the IMF.
A loan that Alberto Fernandez and his
center-left government are
seeking to renegotiate.
The Argentine president has long denounced the granting of this loan, negotiated in 2018 by
Mauricio Macri
, then center-right president of Argentina.
When he came to power, Alberto Fernandez also refused the last disbursements.
The debt contracted initially amounted to $ 57 billion against the current $ 44 billion.
And for the first time, the IMF recognizes the weakness of
this loan
in an internal investigation.
A report that looks like a
mea culpa
.
The strategy and conditions of the loan "
were not strong enough to cope (...) with the fragility of public finances and high inflation (...)
", according to the survey.
Ensure the continuity of the country's economic recovery
It is in this context that President Fernandez met on December 17 with the director of the
IMF
.
They pledged to do everything to reach "
an agreement which does not compromise the continuity of the economic recovery
".
If the two parties do not come to an agreement, Argentina will still have to repay the IMF around 19 billion dollars in 2022 and the same sum in 2023. But Argentina's Minister of the Economy warned last week: “
The country will not can in no way
»ensure these reimbursements.
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Argentina
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