Economics
Argentina to Request Extended Fund Facility Program From IMF
- Economy minister says EFF has been discussed with IMF staff
- Government to start talks on the country’s 22nd Fund program
This article is for subscribers only.
Argentina will ask the International Monetary Fund for an extended fund facility program, a plan that requires committing to significant economic reforms, as it seeks to delay paying the $44 billion that it owes to the multilateral organization, Economy Minister Martin Guzman said.
The Argentine government will begin formal talks with the IMF this week when a mission led by Western Hemisphere Department Deputy Director Julie Kozack arrives in Buenos Aires on Tuesday. An extended fund facility program, or EFF, would give the country at least a four-and-a-half year grace period to start paying its debt back once the program is approved, Guzman said.