Bondholders fret over ‘reckless’ Argentina amid possible IMF delay

Argentina, Buenos Aires, storm, YPF, LatAm, 575, lightning
By Oliver West
18 Feb 2021

Amid increasing concern that Argentina might delay a new IMF agreement until after mid-term elections in October, one of the creditor groups that negotiated last year’s sovereign debt restructuring issued a plea to the government to turn its economic policy around.

Warning that “poor policy choices are undermining chances for a sustainable recovery”, the Ad Hoc Group of Argentina Exchange Bondholders said this week that an IMF agreement was “desperately needed”.

Until recently, finance minister Martín Guzmán had indicated that the Argentine government was seeking to negotiate a new agreement ...

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