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Debt Relief Closer: IMF Finds Argentine Debt Situation “Unsustainable”

RIO DE JANEIRO, BRAZIL - After the end of a one-week visit by a delegation of experts from the International Monetary Fund (IMF), a debt cut for Argentina seems to be one step closer. In its final statement, the IMF assessed the level of debt as "unsustainable" and now intends to pursue a plan to restore the South American country's "debt sustainability".

Concurrently, the IMF continued to express its satisfaction with the government of President Alberto Fernández and Minister of Economy Martin Guzmán, who took office in December.

Measures had already been taken to counter increasing poverty . . .

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