Economy & Business - January 2022

In around two months Argentina must make a US$3.58bn capital repayment to the International Monetary Fund (IMF), part of a total of US$19.1bn that falls due this year. The government has admitted it does not have the money. Talks on rescheduling the IMF debt (around US$44bn) and agreeing an economic stabilisation programme seem to be deadlocked. A new default cannot be ruled out.