About this work
Argentina’s debt restructuring could improve external financing prospects if the IMF rolled its exposure into a new program. The August 2020 assessment shifts attention to the remaining fiscal deficit and how to fund it: immediately ending monetary financing would require difficult spending and budget adjustments. Debt relief therefore eased one constraint without resolving the domestic financing challenge.
Abstract
Argentina’s debt restructuring could improve external financing prospects if the IMF rolled its exposure into a new program. The August 2020 assessment shifts attention to the remaining fiscal deficit and how to fund it: immediately ending monetary financing would require difficult spending and budget adjustments. Debt relief therefore eased one constraint without resolving the domestic financing challenge.
Cite this work
Jonathan Fortun, Martín Castellano, Sergi Lanau (2020). Economic Views: Argentina’s Funding Post-Restructuring. Institute of International Finance.