Argentina Seeking $5 Billion From Multilateral Banks for 2021
Dec 19 2020, 12:39 AM
December 18 2020, 9:59 PM
December 19 2020, 12:39 AM
(Bloomberg) -- Shunned in global financial markets, Argentina is seeking about $5 billion for next year from multilateral organizations other than the International Monetary Fund as it negotiates a larger refinancing program with the Washington-based lender, according to three people familiar with the plans.
(Bloomberg) -- Shunned in global financial markets, Argentina is seeking about $5 billion for next year from multilateral organizations other than the International Monetary Fund as it negotiates a larger refinancing program with the Washington-based lender, according to three people familiar with the plans.
Alberto Fernandezâs administration is looking to institutions including the Inter-American Development Bank and the World Bank, said the people, who asked not to be named because discussions are private. Plans are in the early stages, and the borrowing needed is an approximation that could wind up being more or less depending on variables like government revenue and exports, the people said.