Good news for Argentina
the imf seems to be cutting [argentina president nestor] kirchner and [economic minister roberto] lavagna some slack... this will buy some time to get a better handle on the inflation that's threatening the economy and also to see what's going to happen with economic growth over the coming year...
The Executive Board of the International Monetary Fund (IMF) today approved a one-year extension of Argentina's repayment expectations to the IMF arising between May 20, 2005 and April 28, 2006 in a total amount equivalent to SDR 1.68 billion (about US$2.50 billion). The repayments will fall due on an obligations basis exactly one year after the dates on which these repayment expectations arise.1
The IMF policy on repayment expectations allows for extensions where the member's external position is not sufficiently strong for it to repay early without undue hardship or risk. Submit To Propeller
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The Executive Board of the International Monetary Fund (IMF) today approved a one-year extension of Argentina's repayment expectations to the IMF arising between May 20, 2005 and April 28, 2006 in a total amount equivalent to SDR 1.68 billion (about US$2.50 billion). The repayments will fall due on an obligations basis exactly one year after the dates on which these repayment expectations arise.1
The IMF policy on repayment expectations allows for extensions where the member's external position is not sufficiently strong for it to repay early without undue hardship or risk. Submit To Propeller
Tweet
posted by profmarcus at
5/18/2005
