Argentina canceled this Monday to the International Monetary Fund (IMF) a maturity of 390 million dollars in interest on the stand-by loan signed in 2018, which the center-left government of Alberto Fernández seeks to replace with an agreement of extended facilities.
The payment corresponds to the last installment of interest planned this year, a source from the Ministry of Economy told AFP. The credit amounts to a total of 44,000 million dollars.
In 2021, Argentina has paid the IMF about 1,340 million dollars in interest, 1,900 million dollars in amortization of capital and still has a similar amount pending to settle in December.
President Fernández promised to “negotiate firmly” with the IMF, after an extensive meeting last weekend with the director of the organization, Kristalina Georgieva, on the sidelines of the G20 summit in Rome.
If a new agreement is not reached, Argentina would have to pay the multilateral organization, between capital and interest, some 19,341 million dollars in 2022, 19,589 million in 2023 and 4,936 million in 2024, according to estimates by the Ministry of Economy.
nn / ag
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