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Argentina Leaves IMF out of
Negotiation
The Argentine government
Saturday reiterated its autonomy
from the International Monetary
Fund to negotiate with the Paris
Club.
“Argentina has nothing to
negotiate with the IMF, because
it owns nothing to it,” the
chief of the Executive cabinet,
Alberto Fernandez, told radio
Mitre today.
When Buenos Aires decided “to
pay the whole debt to the Fund,
it was precisely to recover
independence in
decision-making,” he explained.
Fernandez stressed the intention
now is that Argentina once again
resorts to the IMF to pay
another debt, but the country
will not accept that.
The Argentine economy ministry
clarified on Wednesday the
government is directly
negotiating with the Club
directors and will not do it
with member countries in
particular.
Argentina owns about 4.96
billion dollars to the Club, and
nearly 70 percent are
commitments with Germany and
Japan.
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