Economics
Argentina’s Guzman Says IMF Credit Line Deal Will Take Time
- Changing the terms of Argentina’s program is a lengthy process
- Argentina needs to avoid a “hasty deal” with IMF, Guzman said
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Argentine Finance Minister Martin Guzman said finalizing a plan with the International Monetary Fund to repay $45 billion in debt likely won’t happen by May or June.
Changing the terms of a previous repayment program would require the support of nations like the U.S., China, Germany, Japan and France, the finance minister said in an interview with CNN Espanol. The Argentine government is unable to pay the IMF the $45 billion required between September 2021 and 2024, he said.