IMF Sees Little Scope for Argentina to Boost Debt Offer
- Argentina’s May 26 offer in line with debt sustainability: IMF
- First IMF comments on Argentina’s negotiations since March 20
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Argentina’s most recent debt restructuring proposal would restore debt sustainability and there’s little room to further increase payments to private creditors, according to the International Monetary Fund.
“There is only limited scope to increase payments to private creditors and still meet the debt and debt service thresholds,” the IMF said in a two-page statement published Monday. “Argentine authorities’ revised debt restructuring proposal would be consistent with restoring debt sustainability with high probability.”