IMF due in Argentina for debt restructuring talks

Buenos Aires (AFP) – Delegates from the International Monetary Fund were to arrive in Argentina on Wednesday to begin talks on restructuring the recession-hit South American country’s crippling foreign debt.The government in Buenos Aires is hoping to renegotiate $195 billion out of a total debt of $311 billion — including a deeply unpopular $44 billion bailout loan from the Washington-based IMF in 2018.President Alberto Fernandez insists Argentina cannot pay its debt without economic growth, which is currently hampered by inflation of more than 50 percent, as well as mounting poverty and jobl…

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