Economics
Argentina Can’t Repay IMF $45 Billion, Vice President Says
- Country doesn’t have funds for IMF, Fernandez de Kirchner says
- Remarks comes as Economy Minister visits IMF’s top authorities
This article is for subscribers only.
Argentina is unable to repay its $45 billion debt with the International Monetary Fund under current negotiating conditions, influential Vice President Cristina Fernandez de Kirchner said Wednesday, diminishing the possibility of an agreement with the country’s largest creditor.
“We can’t pay because we don’t have the money to pay,” Fernandez de Kirchner said at an event in Buenos Aires, adding that the terms and conditions are “unacceptable.”