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Government Sources Confirm IMF Payment To Be Made

ARGENTINA
  • It has been confirmed that Argentina will make a $1.9 billion capital payment to the International Monetary Fund on Wednesday, according to two government sources and official news agency Telam. (National Post)
    • The payment will be made with funds Argentina received from the IMF's Special Drawing Rights program, distributed in August to help bank members combat the economic aftermath of the coronavirus pandemic.
    • The country's official Telam news agency confirmed that SDR funds would be used to facilitate the payment of $1.885 billion.
    • Argentina owes the IMF $400 million in interest in November, and about $1.9 billion in principal in December, according to a schedule of its debt obligations.

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