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Argentina to push July IMF debt payments to month-end -source

Published 07/05/2023, 09:53 PM
Updated 07/06/2023, 06:43 AM
© Reuters. Argentine one hundred peso bills are displayed in this picture illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration
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BUENOS AIRES (Reuters) - Argentina will push loan repayments due to the International Monetary Fund (IMF) in July to the end of the month, a person familiar with the matter at the Ministry of Economy said on Wednesday.

The payments total $2.6 billion for the month and include $1.3 billion due on Friday.

The cash-strapped country bundled its June payments in a similar way - as it is permitted to do - and paid partly in Chinese yuan as it suffered a shortage of dollar reserves.

© Reuters. Argentine one hundred peso bills are displayed in this picture illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration

Argentina struck a $44 billion loan deal with the IMF last year to replace a failed 2018 program. It is negotiating to accelerate payouts from the program and ease economic targets.

The IMF did not respond to a request for comment outside of business hours.

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