Argentina’s $44 Billion Debt Plan Remains Unchanged Despite Shocks, IMF Says
- The program’s targets won’t change, IMF’s Ilan Goldfajn says
- Some ‘assumptions’ such as inflation estimates may be modified
Argentina’s inflation accelerated in March at its fastest monthly pace in 20 years.
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The targets in Argentina’s recently minted $44 billion agreement with the International Monetary Fund will remain unchanged even as some assumptions of the program may be revised, according to one of the top officials at the Washington-based lender.
IMF Western Hemisphere Director Ilan Goldfajn said on Tuesday that the fiscal and monetary targets of the loan, which include reaching a balanced budget by 2025 and are the benchmarks to assess whether the deal is fulfilled, won’t be changed as the Argentina government focuses on executing the program approved last month.