Economics
Argentina’s Guzman Plays Down Prospects of an Early IMF Deal
- Finance minister in no rush for new IMF deal, says peso stable
- Defaulting on IMF loan would have ‘immense cost,’ Guzman says
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Argentine Economy Minister Martin Guzman played down the chances of an early agreement with the International Monetary Fund to repay a $44 billion loan, the Financial Times reported.
Guzman told the newspaper that the government is in no hurry for a new program, and can maintain a stable currency, according to the newspaper. He said there was no need for his country to look for more assistance from China.