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Argentina Bundles IMF Payments To Single Tranche Due March 31

ARGENTINA
  • Argentina’s government chose to bundle two payments due to the IMF on Monday and Tuesday for a total of about $2.8 billion into one single payment due on March 31, according to an IMF statement.
    • The IMF said such a change is consistent with its rules and Argentina won’t enter into “arrears” or default as a result.
  • Separately, The IMF announced Saturday that its board of directors will discuss Argentina’s $45 billion agreement on Friday, the final step of approval after two years of negotiations.
  • President Fernandez called on his government to implement “all necessary measures” to combat 52% inflation that’s “aggravated” by the surge of global commodity prices due to Russia’s invasion of Ukraine.

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