Argentina to Pay IMF Next Week, ‘Reformulate’ Deal, Caputo Says
- Economy chief speaks to local TV in his first interview
- He says subsidies will be gradually removed over next years
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Argentina will pay $912 million owed to the International Monetary Fund next week while it seeks to renegotiate the country’s $44 billion deal, according to Economy Minister Luis Caputo.
In his first interview since taking office this week, Caputo said President Javier Milei’s administration will honor the upcoming repayment despite repeating in previous occasions that “there’s no more money.” He didn’t elaborate on changes the government would like to make to the IMF program, nor did he say where the funds to make the Dec. 21 repayment will come from.