IMF Rejected Argentina’s Request for Temporary Surcharges Relief
- Board turned down request for commission exemption, people say
- Argentina requested changes to surcharges amid debt talks
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The International Monetary Fund’s board of directors turned down a request by Argentina to discuss relief on the commissions the country pays for its record loan, a setback for the government of President Alberto Fernandez.
In an informal meeting held last month, the board rejected a proposal to discuss temporary relief on so-called surcharges, which are the commissions charged to countries that use the lender’s credit lines extensively, according to people with direct knowledge of the matter, who asked not to be named discussing private conversations.