About: http://data.cimple.eu/news-article/ce0e03ce223a6feecf3d5a4ce9bfba01dedf62096c37e563ec8fc516     Goto   Sponge   Distinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Spain backs Argentina's efforts to renegotiate its debt with the International Monetary Fund, Prime Minister Pedro Sanchez said Tuesday after talks in Madrid with the South American country's president. Argentina is looking to replace a lending programme signed by the previous government in 2018 under which it currently owes the IMF about $45 billion. In recession since 2018, the former Spanish colony must also repay a $2.8 billion loan with the Paris Club of creditor countries that provide sustainable solutions to debtor countries. Speaking at a news conference with Argentine President Alberto Fernandez, Sanchez said the two nations were working to get the IMF to "revise" its policy of imposing surcharges on some debtors. These surcharges are "obviously greatly hurting Argentina's financial possibilities", he added. The IMF says it imposes surcharges to create an incentive for nations to exit its lending programmes as quickly as possible. It has said it is willing to discuss a request by Argentina for lower rates, but any changes must be based on a consensus among members of the Washington-based body. Fernandez thanked Spain for its support for his efforts to restructure the debt his government "inherited" from the previous conservative administration of former president Mauricio Macri. The 62-year-old Argentine president began a tour of Europe on Sunday with a stop in Lisbon where he also won backing from Portuguese Prime Minister Antonio Costa for a repayment deal. His tour will include stops in France and Italy as well as the Vatican where he will meet with Pope Francis, a fellow Argentine. The pandemic has ravaged Argentina's already ailing economy, complicating efforts to make good on its obligations. Sanchez also announced he will visit Argentina on June 8-9. Also Tuesday, the cabinet approved a plan to support Spanish exports and investments abroad which be worth up to 4.6 billion euros ($5.6 billion) over two years, with Sanchez saying with Latin America -- "especially Argentina" -- would be a priority destination. Separately, Spain's foreign ministry said Madrid continues to back ratification of a free-trade treaty between the European Union and the South American bloc Mercosur. "The Spanish government has been working intensely for months, on multiple fronts, to reach a consensus in favour of ratification of this agreement, which will bring great benefits for its citizens," a ministry statement said. du-emi/ds/hmw/rl
schema:headline
  • Spain backs Argentina in IMF debt talks
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software