The International Monetary Fund (IMF) is "committed" to reaching an agreement with Argentina to reschedule its $44bn debt, the multilateral lender’s spokesperson Gerry Rice said Thursday, the BA Times reported last week.

 

Argentina The International Monetary Fund (IMF) is "committed" to reaching an agreement with Argentina to reschedule its $44bn debt, the multilateral lender’s spokesperson Gerry Rice said Thursday, the BA Times reported last week. Under the terms of the original stand-by agreement signed with the Mauricio Macri administration in 2018, which was originally worth $57bn, Argentina is due to make two separate repayments of $1.9bn to the Fund later this month and in December. Rice said in July that talks with Argentina were moving toward an Extended Fund Facility (EFF) programme, which seeks to assist countries with serious balance of payments problems in the medium term due to structural deficiencies that cannot be resolved in a short time.

 

Credit Type / ISIN Indicative price (%)* Argentina ARGENT 0 1/2 07/09/30 38.5 39.8 Argentina ARGENT 8.28 12/31/33 52 54 Argentina ARGENT 3 3/4 12/31/38 35.5 36.5 Argentina ARGENT 1 07/09/29 40.7 41.8 Argentina ARGENT 3.38 12/31/38 35.5 36.5 Argentina ARGENT 1 1/8 07/09/35 34.5 35.6 Argentina ARGENT 2 01/09/38 40.4 41.1 Argentina ARGENT 1 1/8 07/09/46 35 36.3 Province of Buenos Aires BUENOS 7 7/8 06/15/27 48.5 50.3 Province of Buenos Aires BUENOS 9.95 06/09/21 44.2 45.9 Province of Buenos Aires BUENOS 6 1/2 02/15/23 47.2 48.5 Province of Buenos Aires BUENOS 4 05/15/35 37.9 44.2 Province of Buenos Aires BUENOS 9 5/8 04/18/28 50 53 YPF YPFDAR 8 1/2 07/28/25 86.5 89.1 YPF YPFDAR 8 3/4 04/04/24 91.8 94.7 YPF YPFDAR 6.95 07/21/27 74.3 76.3 YPF YPFDAR 7 12/15/47 68.8 70.8 YPF YPFDAR 8 1/2 06/27/29 79 82.3 Banco Macro BMAAR 6 3/4 11/04/26 88.2 91.9 * Indicative price for positions with institutional size only. For smaller sizes please call desk