August 6, 2020

Despite debt deal, Argentina’s economic woes remain

Buenos Aires (AFP) – Argentina’s President Alberto Fernandez has reached a deal with creditors to restructure a $66 billion debt following months of wrangling, but analysts say that won’t be enough to solve the crisis-wracked country’s economic woes.The government is now expected to focus on renegotiating the repayments of its $44 billion loan from the International Monetary Fund as well as other multi-billion dollar debts.Fernandez celebrated Tuesday’s “impossible” resolution, achieved despite the added financial pressure imposed by the coronavirus pandemic, saying the “horizon is clear” to r…


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