IMF staff: Argentina’s debt restructuring plan could restore sustainability
Staff give positive assessment but say there are major risks
The Argentinian government’s plan to restructure its debts could put the country back on a path to debt sustainability, but there are major risks to the outlook, International Monetary Fund staff say.
The government invited the IMF to assess its May 26 restructuring proposal, which would see investors take haircuts of up to 12% on their bond holdings.
In a technical note, IMF staff say the plan would restore debt sustainability “with a high probability” under the macroeconomic scenario
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