RIO DE JANEIRO, BRAZIL - Argentina seems willing to postpone the restructuring of its debt with the International Monetary Fund until next year. The visit to Washington by Economy Minister Martín Guzmán achieved little more than some theoretical discussions and an agreement on the need to reach an agreement.
There are parliamentary elections in October, and the Buenos Aires government does not want to make unpopular commitments to the IMF. But the country's situation is once again very delicate: its public debt is at default levels (despite having agreed to improved conditions with private creditors half a year . . .