Argentina and IMF at odds over payment

ARGENTINA - Argentina and the International Monetary Fund remain some distance apart in negotiations over an agreement that would make it easier to make a $805m debt payment due to the World Bank next week.

Argentina is continuing to warn that it will default on obligations to multilaterals rather than use reserves of about $10bn, even though this would set back its efforts to rehabilitate itself in international markets, the Financial Times reported.

Argentina defaulted on some $95bn in bonds

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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