RIO DE JANEIRO, BRAZIL - After another day of economic turmoil, the government of Argentina announced on Wednesday, August 28th, that it had requested that the International Monetary Fund (IMF) revise the maturities of a US$56 billion loan, which should begin to be repaid in 2021.
The government further announced that it intends to extend its short-term debt to legal entities, such as banks and insurance companies, which own ten percent of these securities. Individuals, who hold . . .