Investors fear that IMF talks will let Argentina off the fiscal hook

A new program being discussed by Argentina and its biggest lender, the International Monetary Fund (IMF), could set up private bondholders for heavy losses without requiring the spending cuts needed to make the country solvent, investors say. Argentina and the IMF announced last month they will explore the possibility of a new program that would replace a defunct $57 billion loan agreement struck by the previous government in 2018.

Source: Yahoo!

Categories: Macroeconomy/Finance