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Argentina discusses fund to pay IMF debt


Argentina discusses fund to pay IMF debt

Buenos Aires, Apr 20 (Prensa Latina) The Argentine Senate will continue Wednesday the debates on a proposal by the Frente de Todos (FdT) for the cancellation of the debt with the International Monetary Fund (IMF).
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After a break for Easter Week, the committees of General Legislation and Budget and Finance of the Upper House of Congress on Tuesday resumed the analysis on the creation of a national fund for such purpose.

Several specialists participated in the meeting, some representing the opposition party Juntos por el Cambio (Together for Change).

According to the foreseen agenda, discussions on this subject will continue at 14:00, local time, on Wednesday, and the senators will issue an opinion with some modifications, which will be analyzed again next week.

The proposal of the FdT is made up of two documents, the first of which, 535, proposes to recover foreign currency lost due to capital flight and tax evasion to pay the debt of around 45 billion dollars contracted by former President Mauricio Macri (2015-2019).

Meanwhile, 536 modifies Law 21,526 of Financial Entities, to update the exceptions regarding banking, stock exchange and tax secrecy.

Those who benefited from IMF’s resources caused the flight of capital and did not declare it, a deeply harmful action for our nation’s taxpayers, according to a statement by the senators of the Front.


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