Argentina to repay IMF in full

On December 15, 2005 Argentina announced its intention to make an early repayment of its entire outstanding obligations to the International Monetary Fund (IMF) amounting to SDR 6.876 billion (about US$ 9.9 billion).

there's a lot of things that could be better in argentina, no question about it... but, in many ways, argentina is the little country that could... (calling the 7th largest country in the world "little" is really not correct...) after the devastating monetary and economic collapse of 2001, things have rebounded remarkably... now, if they can just get their hands around the inflation problem so it doesn't happen again...

Mr. Rodrigo de Rato, the Managing Director of the IMF, said, "I welcome Argentina's repayment of its outstanding obligations to the Fund. The decision has been taken by the government in accordance with its rights as any normal member of the Fund and reflects their confidence that their external position is sufficiently strong to warrant early repayment.

"Important challenges and opportunities lie ahead for Argentina and the Fund looks forward to maintaining a productive relationship with the authorities. We remain ready to assist the Argentine authorities in any way that would help them address these challenges," he said.

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