Argentina must make an important disbursement to the IMF this Friday

Argentina must make an important disbursement to the IMF this Friday

No respite, Argentina must make another strong payment on Friday to International Monetary Fundfor US $ 620 million.

The country must face commissions and interests for the debt that maintains with the multilateral organism.

It is part of $ 2,000 million that Argentina must face this year for the huge debt with the IMF.

This year there are two other maturities of interest: US $ 861 million on August 1 Yu $ S 883 million on November 1.

The Government of Javier Milei will face these maturities without problems, since it has the US $ 12,000 million that has already received from the agency.

In addition, in the remainder of the year the treasure will receive a reinforcement of US $ 2 billion in June and other US $ 1 billion at the end of the year.

In addition, the schedule will include three annual disbursements (in 2026, 2027 and 2028) of US $ 1.4 billion each, and other US $ 700 million in 2029, completing the credit of US $ 12,000 million.

But Argentina will also receive credit flows from other multilateral organizations such as IDB and the World Bank.

In the case of the IMF, the credit, at 10 years, has a period of grace of 4 and a half years.

As reported by the agency, the capital maturities will have to be paid in 2018 plus interest on total debt, which reaches almost $ 57,000 million.

Of that total, US $ 41,7 billion of the 2018/19 loan that still owes the US $ 15,000 million of the first disbursements of the new credit.

Source: Ambito

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