Economics
IMF Heads to Argentina for Debt Talks With Poker-Faced Fernandez
- Fund officials arrive in Buenos Aires for week of negotiations
- Sustainability of Argentina’s $323 billion debt is key point
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Argentine President Alberto Fernandez has likened negotiating the nation’s debt to playing poker. This week he’ll have to show some of his cards to the International Monetary Fund.
IMF negotiators land in Buenos Aires on Wednesday for their first mission since the leftist president took office in December. Before agreeing to any changes in the terms of their current deal, they will want to see Fernandez’s blueprint for tackling more than $320 billion in total debt and for rescuing an economy that’s forecast to shrink for a third straight year.