Argentina Won’t Reach an IMF Deal in 2021, Fernandez Tells CEOs

(Bloomberg) -- Argentina’s President Alberto Fernandez told a group of eight top businessmen that a deal with the International Monetary Fund won’t happen until 2022.

The president spoke to a group of executives that represent top companies including MercadoLibre Inc, Pampa Energia SA and Pan American Energy LLC, according to a government official who asked not to be named discussing a private meeting. 

The meeting happened just as Economy Minister Martin Guzman is in Washington D.C. this week holding technical and high-level meetings with IMF officials to rework a plan worth over $40 billion, including a Tuesday meeting with IMF chief Kristalina Georgieva. Talks have so far been slowed, in part due to Argentina’s upcoming congressional elections to be held in November. 

Read More: IMF Sees $45 Billion Deal With Argentina Pushed Into 2022

The lunch with businessmen was first reported by Infobae. 

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