Argentina: World Bank extends loan deadline

ARGENTINA - World Bank President James Wolfensohn said the due date for a debt payment to the World Bank has been pushed back to 14 Nov from 9 Nov, Argentine Economy Minister Roberto Lavagna said in a Sunday newspaper interview.

Returning to Argentina after failing to win crucial aid from the International Monetary Fund, Lavagna stressed the country would not pay debts it owes to multilateral lenders with Central Bank reserves.

Without the IMF aid and with no plans to use reserves, Argentina would

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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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