pctay123
Publish Date: Thu, 16 Nov 2023, 02:13 AM
BUENOS AIRES, Nov 15 (Reuters) - Argentina's Economy Minister Sergio Massa plans to renegotiate the country's loan with the International Monetary Fund (IMF) if he wins the upcoming presidential election, he said Wednesday evening in a TV interview.
Massa said that the agreement with the IMF for a $44 billion loan, which made Argentina the organization's the largest debtor, is a key driver of the country's triple-figure inflation.
"Argentina has a problem... the program with the IMF, which is inflationary, which needs to be re-discussed," Massa said.
"We want to re-discuss the program on the basis of the result of exports," he added.
The presidential run-off election is scheduled for this weekend.
https://www.reuters.com/world/americas/argentinas-massa-says-will-renegotiate-imf-deal-if-he-wins-election-2023-11-16/