Economics

Argentine President Calls To Extend IMF Payment Period

  • Fernandez said Argentina can’t make upcoming IMF payments
  • President floated a 10-year payment period extension
Photographer: Sarah Pabst/Bloomberg
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Argentina’s President Alberto Fernandez called on the International Monetary Fund to extend the repayment period on the nation’s debt facility beyond 10 years.

In the interview late Saturday on C5N, Fernandez said the fund should recognize the coronavirus pandemic’s economic devastation on Argentina, and revise the terms of the nation’s $45 billion loan.