IMF staff say Argentina’s debt is unsustainable

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International Monetary Fund staff said for the first time Argentina’s debt is unsustainable on February 19, making a major restructuring almost inevitable.

Private creditors will have to take a haircut in order to prevent Argentina’s public accounts worsening, the IMF staff report says. The IMF staff reported after a visit to Argentina that the economy has sharply deteriorated since their previous debt sustainability analysis in July 2019. The earlier assessment described Argentina’s public

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