Argentina readies bond payment amid IMF talks


As Milei’s team prepared to meet with IMF staff, the peso weakened in parallel markets used to skirt currency controls. — Bloomberg

BUENOS AIRES: Argentina is set to make a near US$1bil payment to foreign bondholders this week while the government of President Javier Milei continues talks with the International Monetary Fund (IMF) as he seeks to restore investor confidence in the serial-defaulting nation.

Interest on several hard-currency bonds comes due, marking a major test for Milei just a month after he took office, promising to overhaul South America’s second-largest economy.

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