{"id":163631,"date":"2022-02-11T15:21:27","date_gmt":"2022-02-11T07:21:27","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=163631"},"modified":"2022-02-11T15:21:27","modified_gmt":"2022-02-11T07:21:27","slug":"imf-aiming-to-finalize-loan-for-argentina-quickly","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=163631","title":{"rendered":"IMF aiming to finalize loan for Argentina quickly"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img src=\"https:\/\/www.bssnews.net\/assets\/news_photos\/2022\/02\/11\/image-43923-1644552073.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>WASHINGTON, Feb 11 (NNN-AGENCIES) &#8212; IMF staff are working closely with officials in Argentina to secure an agreement on a new financing deal &#8220;as quickly as possible,&#8221; a fund spokesman said.<br>\u00a0<br>\u00a0\u00a0 Buenos Aires in late January announced it had reached an &#8220;understanding&#8221; with the International Monetary Fund on key policies needed for a deal on its existing $44 billion debt with the crisis lender.<br>\u00a0<br>\u00a0\u00a0 In recent weeks, the government has paid just over $1 billion in principle and interest on the loan, but is seeking to restructure the remaining payments, which were due this year and next.<br>\u00a0<br>\u00a0\u00a0 &#8220;Discussions are ongoing, fairly intensively,&#8221; but there is no timeline for reaching an agreement, IMF spokesman Gerry Rice told reporters Thursday.<br>\u00a0<br>\u00a0\u00a0 &#8220;We will be looking to do this as quickly as possible, so stay tuned for updates.&#8221;<br>\u00a0<br>\u00a0\u00a0 Former Argentine president Mauricio Macri in 2018 originally agreed to a $57 billion loan, the IMF&#8217;s biggest-ever, but which the lender recently acknowledged had failed to achieve the objectives of restoring confidence in the country&#8217;s fiscal viability and fostering economic growth.<br>\u00a0<br>\u00a0\u00a0 When his successor took office a year later, center-left President Alberto Fernandez refused to accept the final $13 billion disbursement.<br>\u00a0<br>\u00a0\u00a0 Rice said the IMF staff team &#8220;continues working very closely with the authorities&#8221; on a deal, which would require final approval from the fund&#8217;s board.<br>\u00a0<br>\u00a0\u00a0 The focus is on &#8220;a realistic, pragmatic, credible approach to designing a program with Argentina that will strengthen the country&#8217;s macroeconomic stability and begin to address deep-seated challenges,&#8221; Rice said. &#8212; NNN-AGENCIES\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, Feb 11 (NNN-AGENCIES) &#8212; IMF staff are working closely with officials in Argentina to secure an agreement on a new financing deal &#8220;as quickly as possible,&#8221; a fund spokesman said.\u00a0\u00a0\u00a0 Buenos Aires in late January announced it had reached an &#8220;understanding&#8221; with the International Monetary Fund on key policies needed for a deal on [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":163633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/163631"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=163631"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/163631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/163633"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=163631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=163631"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=163631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}