ZCZC
BCN-07
ARGENTINA-GOVERNMENT-ECONOMY-DEBT-IMF
New president tells IMF Argentina ‘wants to pay debt but can’t’
BUENOS AIRES, Dec 11, 2019 (BSS/AFP) – New Argentina President Alberto
Fernandez on Tuesday called on the IMF to build a “constructive and
cooperative” relationship to help the crisis-wracked South American country
repay its debts.
Fernandez said at his inauguration speech in Buenos Aires that Argentina
“wants to pay” its external debt, which is around 100 percent of gross
domestic product, but that it doesn’t have “the means to do so.”
The center-leftist blasted outgoing market-friendly president Mauricio
Macri for having “left the nation in a situation of virtual default” with an
external debt of $315 billion.
BSS/AFP/HR/0955