Update on Argentina and the IMF

Argentina, which is trying to finalize a mammoth sovereign debt restructuring, has asked the IMF to let it postpone repayment of some maturing debt, a spokesman said yesterday. "Argentine authorities have made a request for the extension of repurchase expectations (into obligation)," [IMF] spokesman Thomas Dawson told a regular press briefing. [...] "This will be considered by the executive board in due course," he added. It was reported on Wednesday that the government had decided to postpone payments totalling US$1.45 billion coming due this year because of tight cash flow.
Dawson declined to elaborate.

i'm looking for the story on the decision of the new york state courts on the bonds held by u.s. investors that were not tendered for the debt swap that closed in february... that is quite relevant to what's going on with the imf... when i find it, i will post. it...

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