Argentina seeks $44 billion IMF deal to repay debt: WSJ
- U.S. stocks close down on news of Biden tax proposal
- Biden To Propose Capital Gains Tax As High As 43.4% For Wealthy - Bloomberg
- Intel (INTC) Tops Q1 EPS by 24c, Offers Guidance
- Snap (SNAP) Tops Q1 EPS by 5c, DAUs were 280 million, Offers Guidance
FILE PHOTO: Argentina's Economy Minister Martin Guzman poses for a picture before an interview with Reuters at the Economy Ministry, in Buenos Aires, Argentina December 10, 2020. REUTERS/Agustin Marcarian
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Reuters) - Argentina's Economy Minister Martin Guzman is pushing for a deal by May with the International Monetary Fund to repay $44 billion in debt, the Wall Street Journal reported on Saturday, citing his interview.
For the deal, Guzman plans to narrow Latin American country's budget deficit this year to about 6% of annual economic output, from 8.5% in 2020, the report added.
Argentina and the IMF are currently in talks to renegotiate a failed $57 billion programme from 2018 which was the largest in the fund's history.
(Reporting by Aakriti Bhalla in Bengaluru; Editing by Toby Chopra)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Scientists hope genetic engineering can revive the American chestnut tree
- Kansas, North Dakota governors veto bills banning trans girls from sports
- FCC orders U.S. broadcasters to identify foreign-government sponsors of programs