ESG & Investing
Argentina to Rework $44 Billion IMF Deal Over Drought Impact
- Economy Ministry official says all options on the table
- Economy minister, senior IMF director met in Washington
A combine harvester cuts through a field of soybean plants at a drought-affected farm in San Jose de la Esquina, Argentina, on April 6.
Photographer: Natalia Favre/BloombergThis article is for subscribers only.
Argentina and the International Monetary Fund are going back to the drawing board on the country’s $44 billion program as a record drought is expected to push the country into recession, an Economy Ministry official said.
All options are on the table in the fifth review of the IMF’s biggest program, including discussions on disbursements, said the official, who asked not to be named discussing private talks. An IMF spokeswoman didn’t immediately respond to a request for comment during weekend hours. The Economy Ministry declined to comment.