IMF Expects China to Reschedule Billions in Argentina’s Debt
- Buenos Aires repayments to Beijing scheduled for June and July
- Milei’s government reached staff agreement with IMF last month
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The International Monetary Fund expects China to reschedule payments on part of the $18 billion swap line that it has extended to Argentina, a key step that frees up cash amid President Javier Milei’s deep budget cuts and helps sustain the fund’s massive fiscal support program for the country.
Argentina owes the People’s Bank of China about $2.9 billion this month and $1.9 billion in July, according to central bank data released last month.