BUENOS AIRES (Reuters) – Talks between Argentina and the International Monetary Fund (IMF) are moving forward, the Argentine representative of the development bank said on Saturday, a new sign of progress as the ailing South American grain producer continues negotiations to pay your dollars. 45 billion of debt with the fund.
A spokesperson for the fund on Friday called the recent discussions “very productive” but declined to provide a timeline for a possible deal. On Saturday, Argentina seconded that opinion.
“We continue to advance in milestones and in areas of agreements. We are well on the way to building (the agreement), step by step,” Sergio Chodos, Argentina’s representative to the IMF, told a local radio station, according to a statement. of the Argentine government. “The sooner the better.”
“The level of unsustainable debt that Argentina has is clear. Argentina has to access a new program with the IMF to pay the debt, ”added Chodos.
Argentina’s economy has been plagued by persistently high inflation for more than two years, a problem compounded by the still-persistent coronavirus pandemic.
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