Argentina's Massa says will renegotiate IMF deal if he wins election

FILE PHOTO: The city of Buenos Aires gets ready for the runoff election

FILE PHOTO: A campaign poster of Argentine presidential candidate Sergio Massa is pictured ahead of the November 19 runoff election, in Buenos Aires, Argentina November 15, 2023. REUTERS/Agustin Marcarian/File Photo

Source: X03747

Argentina's Economy Minister Sergio Massa plans to renegotiate the country's loan with the International Monetary Fund (IMF) if he wins the upcoming presidential election, he said Wednesday evening in a TV interview.

Massa said that the agreement with the IMF for a $44 billion loan, which made Argentina the organization's the largest debtor, is a key driver of the country's triple-figure inflation.

"Argentina has a problem... the program with the IMF, which is inflationary, which needs to be re-discussed," Massa said.

RECOMMENDED FOR YOU

Zambia Roundup: Election irregularities, Kafwaya death probe and ZCCM-IH’s K4.92bn loss

"We want to re-discuss the program on the basis of the result of exports," he added.

The presidential run-off election is scheduled for this weekend.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters