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Brazil & Southern Cone - 24 August 2004
ARGENTINA: IMF sends in Rato as debt deal stalls
The IMF's managing director, Rodrigo Rato, is to visit Buenos Aires on 31 August to discuss the state of Argentina's economy. His trip is not
welcomed by the government headed by President Néstor Kirchner, which senses that there is easy popularity to be enjoyed by squaring up to the IMF and foreign creditors. Both the IMF and foreign investors are
dismayed that the government has made little effort to sort out a deal with holders of US$88bn (face value) of defaulted Argentine government debt.
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