Argentina opens IMF talks as crisis deepens
Government extends debt maturity and pledges reserves will not be used to repay international investors
Argentina’s finance minister has said the government is set to open negotiations with international investors and the International Monetary Fund (IMF) over the maturity of its bonds.
The sharp depreciation of the peso, following president Mauricio Macri’s decisive defeat in primary elections earlier this month, is hampering the government’s ability to honour its elevated dollar-denominated external debt.
“The government primarily aims to prevent the peso from further falling against the
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