Argentina debt crisis: IMF loan repayments loom as economy falter

Argentinian President Alberto Fernandez has said he will not rush into a new deal with the IMF. There is concern that Argentina may miss a May deadline with the IMF to agree on how to repay a loan of more…

Argentina debt crisis: IMF loan repayments loom as economy falter

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Argentinian President Alberto Fernandez has said he will not rush into a new deal with the IMF.
There is concern that Argentina may miss a May deadline with the IMF to agree on how to repay a loan of more than $40bn.
One of the IMF demands is to cut government spending.
Fernandez’s centre-left Peronist administration faces mid-term elections in October and is unlikely to impose austerity measures that will hurt him politically.
Argentina is struggling with a rise in poverty, unemployment and a drop in economic activity

Al Jazeera’s Teresa Bo reports from Buenos Aires, Argentina.

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