Argentina debt crisis: IMF loan repayments loom as economy falter

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  • Al Jazeera English published this video item, entitled “Argentina debt crisis: IMF loan repayments loom as economy falter” – below is their description.

    Argentinian President Alberto Fernandez has said he will not rush into a new deal with the IMF.

    There is concern that Argentina may miss a May deadline with the IMF to agree on how to repay a loan of more than $40bn.

    One of the IMF demands is to cut government spending.

    Fernandez’s centre-left Peronist administration faces mid-term elections in October and is unlikely to impose austerity measures that will hurt him politically.

    Argentina is struggling with a rise in poverty, unemployment and a drop in economic activity

    Al Jazeera’s Teresa Bo reports from Buenos Aires, Argentina.

    Al Jazeera English YouTube Channel

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    In This Story: Argentina

    Argentina, officially the Argentine Republic, is a country located mostly in the southern half of South America. Sharing the bulk of the Southern Cone with Chile to the west, the country is also bordered by Bolivia and Paraguay to the north, Brazil to the northeast, Uruguay and the South Atlantic Ocean to the east, and the Drake Passage to the south.

    With a mainland area of 2,780,400 km2 (1,073,500 sq mi), Argentina is the eighth-largest country in the world, the fourth largest in the Americas, the second largest in South America after Brazil, and the largest Spanish-speaking nation by area.

    Argentina claims sovereignty over part of Antarctica, the Falkland Islands, and South Georgia and the South Sandwich Islands.

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