International Monetary Fund spokesperson gives little away about talks over redrawing of multi-billion-debt deal in wake of historic drought, rebuffing questions in from reporters over whether delivery of funds will be brought forward.
Economy Minister, Sergio Massa, says that “everything is on the table” in Argentina’s ongoing talks with the International -Monetary Fund, including the bringing forward of disbursements of funds assigned in the nation’s multi-billion-debt programme.
The government and the multilateral lender are currently negotiating adjustments to the crisis-hit nation’s record US$44.5 billion extended fund facility deal in the wake of historic drought that is set to shave billions of dollars off the country’s gross domestic product.
During a press briefing to reporters in Washington on May 11, IMF Spokesperson, Julie Kozack, gave little away. Responding to questions from journalists, she described the talks as “constructive” and refrained form detailing key aspects of the negotiations.
The Spokeswoman said the deal’s next review would take into account the impact of the drought and seek to strenghten the programme, adding that the results of the negotiations would be known.
Bloomberg reported, on the first week of May, that the US President Joe Biden’s government is willing to sing-off on such a deal. The United staes is the larger stakeholder on the IMF’s board.
The remarks came hours after the Rosario Stock Exchange released a report that trimmed soybean crop projections to 21.5 million tonnes from the previous 23 million tonnes.
SOURCE: www.batimes.com.ar