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Argentina Considers Using New IMF Reserves for Loan Payment Bloomberg 2/26/2021 Jorgelina do Rosario and Eric Martin (Bloomberg) Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge, a move that would allow more time to overhaul an outstanding $45 billion loan. The new IMF reserve assets, called special drawing rights, or SDRs, would give cash-strapped Argentina fresh funding to pay the $1.9 billion principal maturity, avoiding a default with the Washington organization if the country can’t reach a deal on the program by September, said the person. The decision to use the reserves for that payment is still being discussed within the government’s leftist coalition, the person added, asking not to be named because discussions are private.

United statesBuenos airesDistrito federalAlberto fernandezBanco provinciaInternational monetary fundSpokespersons for the argentine economy ministryBloomberg peopleArgentine economy ministrySouth americanPresident alberto fernandezஒன்றுபட்டது மாநிலங்களில்புஏனோஸ் ஐரிஸ்திஸ்திரிதோ கூட்டாட்சியின்ஆல்பர்டோ பெர்னாண்டஸ்பான்கோ மாகாணம்