IMF staff say Argentina’s debt is unsustainable

Report calls for haircut for private creditors as Argentine government demands IMF debt forgiveness


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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