Argentina will cancel its October maturities with the IMF | News

Nathan Rivera

07/10/2023

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The Argentine Ministry of Economy announced this Friday that it will cancel maturities for 2.6 billion dollars scheduled with the International Monetary Fund (IMF) for the month of October after the national elections.

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These are three maturities on the debt that the South American country has with that international financial organization.

The Ministry of Economy decided to postpone debt payments with the IMF until after the general elections to be held on October 22.



The country will unify three maturities, the one of 1,280 million dollars that expired this Friday, the one on October 12, for 640 million dollars and the one on the 30th for 673 million dollars. Thus, the last week of this month, the Government will have to make a large disbursement to this organization.

These payments are part of the agreement reached by the government with the organization and which allowed the disbursement at the time of 7.3 billion dollars prior to the primary elections, the PASO, which took place in the month of August.

The drought that Argentina went through this year, one of the largest in history, has led to the derailment of the program and they are seeking to renegotiate a new program. It has taken the Government four months to give the green light to this disbursement, which is basically to repay the fund for the program that the country acquired under the management of Mauricio Macri.

That debt taking, the largest in history, continues to leave its mark and the National Government continues to work to trace the necessary paths and try to comply with the commitments while continuing to address national needs and manage the Central Bank's reserves.

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Nathan Rivera
Allow me to introduce myself. I am Nathan Rivera, a dedicated journalist who has had the privilege of writing for the online newspaper Today90. My journey in the world of journalism has been a testament to the power of dedication, integrity, and passion.

My story began with a relentless thirst for knowledge and an innate curiosity about the events shaping our world. I graduated with honors in Investigative Journalism from a renowned university, laying the foundation for what would become a fulfilling career in the field.

What sets me apart is my unwavering commitment to uncovering the truth. I refuse to settle for superficial answers or preconceived narratives. Instead, I constantly challenge the status quo, delving deep into complex issues to reveal the reality beneath the surface. My dedication to investigative journalism has uncovered numerous scandals and shed light on issues others might prefer to ignore.

I am also a staunch advocate for press freedom. I have tirelessly fought to protect the rights of journalists and have faced significant challenges in my quest to inform the public truthfully and without constraints. My courage in defending these principles serves as an example to all who believe in the power of journalism to change the world.

Throughout my career, I have been honored with numerous awards and recognitions for my outstanding work in journalism. My investigations have changed policies, exposed corruption, and given a voice to those who had none. My commitment to truth and justice makes me a beacon of hope in a world where misinformation often prevails.

At Today90, I continue to be a driving force behind journalistic excellence. My tireless dedication to fair and accurate reporting is an invaluable asset to the editorial team. My biography is a living testament to the importance of journalism in our society and a reminder that a dedicated journalist can make a difference in the world.

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