It was reported by voices from the international organization. All payments will be concentrated in a single disbursement, which will be made at the end of the month.
A source from the International Monetary Fund (IMF) confirmed this Thursday that the credit agency accepted the unification and postponement of maturities for the entire month of July for almost US$2.6 billion, as Economy had anticipated to Ambit.
“The authorities have exercised their right as a member to group capital payments due in July and pay them on the 31st of this month,” said a voice from the Fund.
In this way, what is done is to allow a longer period of time to complete the renegotiation and obtain a new disbursement of the Special Drawing Rights (DEGs), as the economic team has been negotiating with Washington in the framework of its request for reformulation of the program.
A similar modality to last month
In fact, sources from the team of the Minister of Economy, Sergio Massa, assured that “the procedure was carried out together with the payment that was made” and that the mechanism applied will be the same as last month, when US$2.7 billion were canceled. at the end of the month directly.
The payment, on that occasion, was made with US$1.6 billion in SDRs and the rest with “freely available” yuan, in order to Avoid using dollars from the Central Bank (BCRA) reserves.
The Government stressed that the payment method was “innovative” and reported that the IMF and the People’s Bank of China (BPC) participated in the operation.
Source: Ambito
