WELCOME TO NAIJAFINIX.COM


Argentina Will Not Modify $45 Billion Debt Deal With IMF, Finance Minister Says

ADVERTISE HERE

ADVERTISE HERE

Argentina will not modify $45 billion debt deal with IMF, finance minister says

Argentine economy minister Martin Guzman said late on Friday that a $45 billion debt deal with the International Monetary Fund will not be modified, following a meeting with IMF head Kristalina Georgieva.

“We are not going to change the goals of the program with the IMF,” Guzman told local media.

The South American country’s center-left Peronist government led by President Alberto Fernandez struck a staff-level agreement with the international lender at the beginning of March to avoid a default.

The deal lays out a fresh schedule of financing over a 30-month period to replace a failed $57 billion program from 2018 that the grains-producing country was unable to pay back after years of recession, spiraling inflation and capital flight

However, Guzman cautioned without giving more details that there will be a change in emphasis to focus on the social safety net due to the fallout from the Russian invasion of Ukraine which has triggered worldwide inflation.

Argentina has long suffered from extremely high inflation. However, the war has increased price surges in Argentina as well as much of Latin America. Argentina’s 2021 inflation hit above 50%.

ADVERTISE HERE

Do you find Naijafinix Blog Useful??

Click Here for Feedback and 5-Star Rating!

CLICK HERE TO COMMENT ON THIS POST

Share post on:

UPLOAD & PROMOTE YOUR SONGS HERE
CALL ONLY:- +2348133393353
CLICK HERE TO REQUEST ANY SONG
 

ADVERTISE HERE

Leave a Reply

Your email address will not be published.

"Naijafinix Next Rated - Dance & Die"

 

SEE MORE VIDEOS HERE
Follow Us on Social Media:

ADVERTISE HERE

NAIJAFINIX TOP 10 SONGS

"Like"
Iyanya Ft Davido & Kizz Daniel

"For My Hand"
Burna Boy Ft. Ed Sheeran

"Bend You"
Omah Lay

"Many Man"
Victony

"Certified Loner"
Mayorkun

"Girlfriend"
Ruger

"Call Me Everyday"
Chris Brown Ft. Wizkid

"Love For Me"
Simi

"Peace Be Unto You"
Asake

"Happy"
Naira Marley Ft. Mayorkun
For Any Song of Your Choice CLICK HERE

GO BACK TO THE TOP

ADVERTISE HERE