IMF states obvious on Arg as swift debt solution looks tough
The IMF’s call for a “definitive debt operation yielding a meaningful contribution from private creditors” in Argentina only triggered a slight fall in sovereign bond prices as investors said there was little new in the statement. But fears are rising that the country is facing a lengthy restructuring process.
In line with the government’s timeline for restructuring its $67bn of international bonds by March 31, this week the IMF was in Buenos Aires to discuss whether Argentina’s debt was sustainable.By finally declaring the government’s debt “unsustainable”, a change from its last review in July ...
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