Group of major creditor nations willing to delay US$2.4-billion debt payment from Argentina due this month if the Fernández administration agrees to certain conditions.
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BUENOS AIRES (Reuters) -Argentine President Alberto Fernández said on Friday he wanted to reach a deal with the International Monetary Fund as quickly as possible after a meeting with IMF head Kristalina Georgieva, although he warned it must not hurt the country’s people.
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Fernandez, who met with Georgieva in Rome, is wrapping up a European tour during which he has been seeking support for his country in talks over a crucial new IMF deal and to delay debt repayments with the Paris Club group of lenders.
“The aim is to find an agreement as quickly as possible, but we cannot think of an agreement that requires greater efforts from the Argentine people,” Fernández said after the meeting.
3 Min Read
BUENOS AIRES (Reuters) -Argentine President Alberto Fernández said on Friday he wanted to reach a deal with the International Monetary Fund as quickly as possible as he wrapped up a positive European tour that has helped buoy the South American country’s depressed bond prices.
Slideshow ( 2 images )
In a meeting with IMF head Kristalina Georgieva, Fernandez did warn that any new deal must not hurt Argentina’s people, who have grappled with recession since 2018 and poverty levels that climbed to 42% at the end of last year.
Fernandez, who met with Georgieva in Rome, is finishing a European tour during which he has been seeking support for his country in talks over a crucial new IMF deal and to delay debt repayments with the Paris Club group of lenders.
2.5pc growth in banking credit to private sector: CBO
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Muscat: The total outstanding credit extended by other depository corporations (ODCs) in the Sultanate – comprising conventional and Islamic banks grew by 2.5 per cent RO 25.9 billion at the end of February2020, the Central Bank of Oman (CBO) announced in its newly public review of banking and monetary developments for February 2020.
Credit to the private sector rose by 2.5 per cent to RO 22.9 billion, it stated. Of the total credit to the private sector, the non-financial corporate sector and the household sector (mainly under personal loans) received shares of 45.5 per cent and 45.1 per cent, respectively, while the financial corporations received 5.4 per cent and other sectors the remaining 4.0 per cent.
Asian stock markets rise after US debt ceiling deal
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TOKYO: Asian shares bounced back on Thursday after US President Donald Trump and congressional leaders unexpectedly agreed to raise the government debt limit until December, eliminating the near-term risk of a government shutdown.
The euro maintained this week’s slim gains ahead of the European Central Bank’s policy meeting later in the day while oil prices were supported as US Gulf Coast refineries restart in the wake of Hurricane Harvey.
European shares are expected to rise, with spread-betters quoting a higher opening of 0.4 per cent in Germany’s DAX and 0.3 per cent in France’s CAC.