Argentine Government, Wary of Spending Cuts, Drags Feet on Deal With IMF

Lincoln Wylie

MEXICO CITY—Argentina’s leftist govt is not likely to arrive at a deal with the Global Financial Fund to repay $forty four billion in debt ahead of the country’s Oct midterm elections, extending the uncertainty for South America’s next biggest financial state, in accordance to people today common with the make any difference.

While both equally sides had hoped to arrive at a deal by Might, so significantly there have been no considerable discussions with the multilateral loan provider on critical troubles such as how the country programs to rein in runaway public paying out to put govt finances on additional secure footing, mentioned just one man or woman close to the negotiation.

“Talks have not reached the phase that you see when a deal is to be closed in a couple months,” this man or woman mentioned. “There has been quite minor progress.”

The South American country is nearly broke,

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