BUENOS AIRES (Reuters) – Argentina will make scheduled funds totaling some $1.9 billion to the Worldwide Financial Fund (IMF) on Wednesday, an economic system ministry supply stated.
The South American nation is in talks with the IMF to revamp its $44 billion mortgage program with the lender because it battles with dwindling overseas forex reserves, a weak peso forex and annual inflation over 100%.
Argentina has $2.7 billion because of the fund this month alone.
The federal government hopes to convey ahead over $10 billion in IMF disbursements this yr, although has been reluctant to conform to powerful austerity measures as the following common elections scheduled for October method.
Financial system Minister Sergio Massa is about to journey to Washington as soon as an settlement to ease financial targets is drafted with IMF officers.
(Reporting by Jorge Otaola and Walter Bianchi; Enhancing by Conor Humphries)
