RIO DE JANEIRO, BRAZIL - For the first payment, Alberto Fernández's government officially redeemed the US$4.33 billion in Special Drawing Rights (SDRs) issued by the IMF to inject liquidity into the global economy during the Covid-19 pandemic.
Some of this money was used to pay off the debt installment, currently being renegotiated. In 2018, still under the government of former President Mauricio Macri, Argentina closed a US$57 billion bailout program with the IMF. Of that amount, Argentina received US$45 billion.
Fernández's goal is to complete the debt renegotiation with the IMF after . . .