Debt trouble worsens as IMF gives Macri the cold shoulder
The International Monetary Fund will likely postpone the disbursement of a crucial tranche of its Argentine bailout despite a last-ditch attempt this week in New York by President Mauricio Macri himself.
The president showed up in the final minutes of the meeting between IMF Acting Managing Director David Lipton and Argentine officials Hernán Lacunza (Economy Minister) and Guido Sandleris (Central Bank Governor). But nothing was said about the next tranche of the estimated USD 5.4 billion that the country should have received this month.
In an interview with Bloomberg Radio, Lipton said that the IMF will “work toward an eventual resumption of a relationship [with Argentina] which may have to wait awhile.”