Weekly Report - 03 February 2022 (WR-22-05)

ARGENTINA: Fernández faces fallout from IMF deal

After months of tensions and uncertainty Argentina reached an agreement on 28 January with the International Monetary Fund (IMF) to restructure its outstanding debt of US$44.5bn from the 2018 Stand-By Arrangement (SBA). At least that is how it was presented by the government led by President Alberto Fernández. In reality it was more of an agreement to reach an agreement, as the details have not yet been finalised. But just the news that the government intended to strike an accord with the IMF after the combative rhetoric of recent weeks was enough to tip the ruling left-of-centre Frente de Todos (FdT) coalition into crisis.

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