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IMF Agreement May Be Sent To Congress Soon: Presidential Spokeswoman

ARGENTINA
  • Understandings are that a final agreement that could be worth $40-45 billion appears likely in coming weeks after an "understanding" with the IMF in late January. The accord would still need IMF board approval and support in Argentina's Congress, where some lawmakers have openly opposed it.
    • "We understand that it may be soon," presidential spokeswoman Gabriela Cerruti told reporters when asked about sending the agreement to Congress.
    • "We are going to reach the best possible agreement that will help us start finding a solution to the largest debt Argentina ever took on, and also the largest that the IMF ever gave out."
  • Some local media reported a deal could come as early as this weekend, though officials privately talked down this possibility, signaling it would likely be later this month. (Reuters)
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