Argentina paid the IMF $ 390 million in interest on its loan

Argentina canceled on Monday at the International Monetary Fund (IMF) a maturity of 390 million dollars in interest on the stand-by loan signed in 2018, which the center-left government of Alberto Fernández seeks to replace with a extended facilities agreement.

The payment corresponds to the last installment of interest scheduled for this year, a source from the Ministry of the Economy told AFP. The credit totals $ 44,000 million.

In 2021, Argentina paid the IMF about $ 1,340 million in interest, $ 1,900 million in principal amortization and still has a similar amount pending settlement in December.

President Fernández has promised to “negotiate firmly” with the IMF, after a long meeting last weekend with the director of the organization, Kristalina Georgieva, on the sidelines of the G20 summit in Rome.

If a new deal is not reached, Argentina is expected to pay the multilateral organization, between principal and interest, some $ 19,341 million in 2022, $ 19,589 million in 2023 and $ 4,936 million in 2024, according to estimates. of the Ministry of the Economy.

nn / ag

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