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Free AccessArgentina & IMF Reach Understanding, Fernandez Due To Speak
- As speculated yesterday, Argentina and the IMF have reached an understanding on when the nation will achieve a balanced primary budget, marking a first key step to renegotiating more than $40 billion of debt, according to people familiar with the talks. (BBG)
- The nation’s Economy Ministry and IMF staff are expected to continue discussing details of the program, the people said.
- President Fernandez will make a speech to the country from the Olivos residence about the understandings with the International Monetary Fund, president’s press office says in statement sent by message. This is scheduled for 1000Local/1300GMT.
- Economy Minister Martin Guzman and Cabinet Chief Juan Manzur will then give a press conference at 10:15am local time.
- Following the agreement, Argentina are due to make an interest payment to the IMF for more than $700 million due today.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.