Argentina pledges not to use reserves to repay IMF

ARGENTINA - Economy minister Roberto Lavagna has assured the IMF technical mission currently visiting the country that central bank reserves will not be used to pay back loans from the IMF and the Inter-American Development Bank which are due to mature next month.

A report by the economy ministry states that if a deal is struck with the IMF by July 14, these new funds will be used for paying off previous IMF loans. But if this fails, the government will have no option but to default on its de

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: