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The IMF confirmed that Argentina will pay its debt maturities after the elections


The IMF confirmed that Argentina will pay its dues this month after the elections REUTERS/Yuri Gripas/File Photo
The IMF confirmed that Argentina will pay its dues this month after the elections REUTERS/Yuri Gripas/File Photo

The International Monetary Fund (IMF) confirmed that the Government decided to pay its dues this month after the presidential elections on October 22.

Spokespersons for the organization told Infobae from Washington that “the authorities have exercised their right as a member to group three buybacks (capital payments) that are due in October and pay them before the end of the month (that is, October 31).

The original schedule stipulated a first payment on October 6 for USD 1,280 million, another on October 12 for USD 640 million and a third for USD 673 million, on the last day of October. Now it will pay the USD 2.6 billion, all together, on the last day of October, eight days after the elections.

Last week the IMF harshly criticized the measures adopted by the Government after the elections, stating that they increase the strong macroeconomic difficulties facing the country.



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