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With Debt Deal Done, Argentina Must Answer: What’s the Plan? (Bloomberg)

August 4, 2020

From the article:

"Argentina’s massive debt with the Fund, which should start to be repaid next year, stems from a failed attempt to bail out the government of Fernandez’s predecessor, Mauricio Macri, in 2018. The program has effectively been on hold since Fernandez’s unexpected landslide victory in a primary election in August last year.

A new program, which will add to the more than 20 IMF agreements the country had since 1958, already faces major political and economic risks, according to Liliana Rojas-Suarez, a director at the Washington-based Center for Global Development and former senior IMF official.

'The hard work is coming now and that requires political will, and I don’t see it,' Rojas-Suarez said. 'I’m not very optimistic about having a new IMF program in the near future.'"

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Senior Fellow and Director of the Latin America Initiative