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IMF Says “Good Progress” in Talks with Argentina on Debt Restructuring

RIO DE JANEIRO, BRAZIL - ”Good progress” has been made in parts of a new program between the International Monetary Fund and Argentina, IMF officials said in a statement on Friday. An IMF team visited Argentina to begin discussions on repackaging some US$45 billion the country owes the Fund.

”Good progress has been made in defining the initial elements of such a program, and further discussions are expected to continue virtually between the teams over the coming weeks,” Julie Kozack, deputy director of the IMF’s Western Hemisphere Department, and Luis Cubeddu, mission chief for Argentina, said in a statement . . .

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