Argentina seeks to pay IMF with new loan program

Argentina seeks to pay IMF with new loan program

International Monetary Fund (IMF) Corporate & Sovereign Strategy Loans Argentina

Argentina is negotiating with the International Monetary Fund (IMF) to use the proceeds of a new loan program pay the debt it owes the multilateral lender as it comes due, Sergio Chodos, IMF executive director for Argentina and the Southern Cone, said on Monday. Argentina wants to use "the funds of the new program to finance the expiration dates of the previous program," Chodos told El Destape Radio in Buenos Aires. "The important thing is to have a program in which one has the certainty that it

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