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The Financial Express

Argentina seeks $44b IMF deal to repay debt

| Updated: February 02, 2021 12:08:10


Argentina's Economy Minister Martin Guzman poses for a picture before an interview with Reuters at the Economy Ministry, in Buenos Aires, Argentina on December 10, 2020 — Reuters/Files Argentina's Economy Minister Martin Guzman poses for a picture before an interview with Reuters at the Economy Ministry, in Buenos Aires, Argentina on December 10, 2020 — Reuters/Files

Argentina’s Economy Minister Martin Guzman is pushing for a deal by May with the International Monetary Fund to repay $44 billion in debt, the Wall Street Journal reported on Saturday, citing his interview.

For the deal, Guzman plans to narrow Latin American country’s budget deficit this year to about 6 per cent of annual economic output, from 8.5 per cent in 2020, the report added.

Argentina and the IMF are currently in talks to renegotiate a failed $57 billion programme from 2018 which was the largest in the fund’s history.

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