… On the surface, their administration represents a return to the thinking that has animated Argentina’s public life since the 1940s under the leadership of Juan Domingo Perón. Argentina's October midterm elections condition IMF debt deal Tuesday, February 16th 2021 - 09:02 UTC While finance minister Martín Guzmán recently said that government wanted to wrap up negotiations on a new IMF agreement by May, president Alberto Fernández want an even longer delay Argentina’s powerful vice-president Cristina… Before sitting down to negotiate, be prepared to engage in small talk. Bolsonaro mentioned his support for Argentina's negotiations with the IMF for the restructuring of its debt. Officials close to the country’s influential vice president, Cristina Fernandez de Kirchner, said that she favoured postponing debt negotiations to allow the country more time to recover from the COVID-19 pandemic. Argentina will likely see recovery continue in the first half of 2021, but the economic trajectory will be bumpy. Report: Lekki Shootings Unverified – Trending With Ojy Okpe. Michael O'Boyle. It had initially pushed for a quick deal to replace the 2018 programme, but recently signaled its willingness to wait until later in the year, concerning investors who see an agreement as key to restoring economic stability. Likewise, Argentina is also negotiating the current conditions of its International Monetary Fund (IMF) deal, reflecting how badly the pandemic and lack of financial credibility have battered the country’s economy. Argentina wishes to boost relations and see that multilateral organisms are respected, also hoping that there is no betting on the disunity of our countries, as in the previous stage.” April 1, 2021. Argentina and the International Monetary Fund (IMF) have finally sat at the same table. However, Argentina is slowly emerging out of its third year of recession. Argentina's President Alberto Fernandez said on Monday that he did not want to rush into a new deal with the International Monetary Fund (IMF), amid broader concerns that a previously set May date to reach an agreement will be missed. The Fernandez administration is negotiating a new IMF programme to help cover its upcoming obligations to the Fund. Libya’s Navy Intercepts Boat Carrying 138 Europe-bound Migrants . New president says the broad agreement between the government and businesses gives him extra muscle in IMF talks. “Covid has been tough and a challenge for all the world. This may well describe the situation facing Argentina and the IMF, as they try to conclude negotiations for a new agreement this month. Good negotiations between Argentina, IMF – but “dialogue will continue” March 24, 2021; Good negotiations between Argentina, IMF – but “dialogue will continue” While dialogue continues, actual help would not be available in time for May’s maturities. The pressure on both sides will be intense, and the outcome could have a serious impact on future economic policy in Latin America and developing countries generally. Argentina and the IMF are in negotiations to replace a failed program signed in 2018 for which the South American country owes the Fund about … IMF’s Weak Position . ”Good progress” has been made in parts of a new program between the International Monetary Fund and Argentina, IMF officials said in a statement on Friday. It’s also unclear if Fernández will have more political consensus to negotiate once the election is behind. IMF officials in Buenos Aires are in a tough position.