Argentina imposes tough new COVID-19 restrictions
What s wrong with the current debt plan?
Argentina is due to start repaying the $44 billion IMF loan this year, but in March Fernandez said the debt was too high a burden. Some $3.5 billion is due this year, $18 billion in 2022 and $19 billion in 2023.
The president wants to push back payments for four years, when the economy should be in better shape. He also wants the IMF to cut the surcharges that are levied to encourage speedy repayment. The idea is not to not pay but rather to obtain an agreement that will allow us to sustain our economic plan of development and growth, and without forgetting the 40% of the population below the poverty line, the president told C5N television channel in March.
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