About: http://data.cimple.eu/news-article/ed7564e8881cc38e2902e747274415924efbbce530f259dc5d510535

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rdf:type	schema:NewsArticle
schema:articleBody	Argentina said on Wednesday it will ask the International Monetary Fund to postpone scheduled repayments on a $44 billion loan. An IMF delegation is in Buenos Aires to discuss the loan repayment, and its managing director Kristalina Georgieva said on Tuesday it had "no intention of putting pressure on Argentina." "The conversations have begun. If we want a country that will move towards a robust (economic) model, there is no room for the deadlines to which the previous government committed," Cabinet chief Santiago Cafiero said. "The IMF money, the Fund's $44 billion, is no longer in the country." The first repayments are due in September 2021 on a loan organized by former leader Mauricio Macri. It was originally due to be worth $57 billion before center-left President Alberto Fernandez pulled the plug on disbursements after he took office in December. "We need growth to be able to pay," said Cafiero. In August, Argentina managed to restructure a $66 billion foreign bond debt that was worth 54.8 cents on the dollar. The crisis-wracked South American country has been in recession since 2018, and its inflation is over 40 percent. Poverty and unemployment have soared during the coronavirus pandemic. nn/mr/bc/st
schema:headline	Argentina looking to postpone IMF debt repayments
schema:mentions	Alberto Fernández Recession International Monetary Fund Inflation Mauricio Macri Buenos Aires United States dollar Argentina Pandemic United States Santiago Cafiero Chief of the Cabinet of Ministers Kristalina Georgieva
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	68 (xsd:integer)

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