Argentina’s $45 Billion IMF Talks Hit by Fernandez Election Loss
- Government must make $1.9 billion payment to IMF on Sept. 22
- Talks were expected to gain momentum after midterm vote
A voter casts a ballot at a polling station during the primary elections in Buenos Aires, Argentina, on Sept. 12.
Photographer: Pablo E. Piovano/BloombergThis article is for subscribers only.
The Argentine government’s election loss on Sunday weakens Economy Minister Martin Guzman’s negotiating power with the International Monetary Fund over its record $45 billion debt, according to one of the nation’s former representatives with the fund.
President Alberto Fernandez’s coalition was defeated in primary congressional races in the majority of Argentina’s provinces, as well as in the capital, reflecting discontent over rising poverty and 50% inflation ahead of the general midterms on Nov. 14.