President Alberto Fernandez said he has set a March 31 deadline to renegotiate A...
BUENOS AIRES - President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.
Argentina is in talks with bondholders and other creditors to restructure about $100 billion in debt, among them the IMF to whom it owes about $44 billion. Fernandez, a moderate center-left Peronist, was elected in October with a mandate to end painful fiscal cuts implemented by his predecessor, Mauricio Macri.
After assuming the presidency a little over a month ago, his government has announced plans to hike taxes on farm exports, as well as efforts to gain revenue from foreign assets and Argentine tourism dollars spent abroad.
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