Argentina admits it will not reach an agreement with IMF until 2022

During a lunch with the country’s main businessmen on Tuesday, Argentina's president reiterated that the talks “are on track”, but they do not plan to close a restructuring pact until the first months of 2022.

RIO DE JANEIRO, BRAZIL - The evolution of the Argentine economy in 2022 is tied to the restructuring of the debt of US$44 billion contracted with the International Monetary Fund (IMF) in 2018.

With the international organization, the country, badly hit after three consecutive years of recession, cannot face maturities for $19 billion expected for next year. For this reason, the country must negotiate a new payment schedule, racing against the clock. As reported this week by President Alberto Fernández to business people, the new goal is the first quarter of next year.

“I met with the minister [de . . .

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