Mohamed A. El-Erian , Columnist

IMF, Argentina Re-Engage in Crucial Test of Resolve

Both sides must work with private creditors to address a complex debt problem.

February 20, 2020 at 3:26 AM UTC

Mohamed A. El-Erian is a Bloomberg Opinion columnist. A former chief executive officer of Pimco, he is president of Queens’ College, Cambridge; chief economic adviser at Allianz SE; and chair of Gramercy Fund Management. He is author of “The Only Game in Town.”

Can the IMF and Argentina win the trust of private creditors?
Photographer: Ricardo Ceppi/Getty

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Concluding a week-long visit to Argentina to collect data and meet economic officials, the International Monetary Fund staff mission issued a statement Wednesday evening notable for what it says and what it doesn’t. It marks the beginning of yet another round of more formal consultations and highlights one of the most complex, if not the most complex, country cases to face both a new government, headed by President Alberto Fernandez, and a new managing director, Kristalina Georgieva.

Here are seven things to know at the beginning of what is likely to be a protracted, loud and knotty process: