BUENOS AIRES (Reuters) – Argentina’s Economy Minister Sergio Massa plans to renegotiate the country’s loan with the International Monetary Fund (IMF) if he wins the upcoming presidential election, he said Wednesday evening in a TV interview.
Massa said that the agreement with the IMF for a $44 billion loan, which made Argentina the organization’s the largest debtor, is a key driver of the country’s triple-figure inflation.
“Argentina has a problem… the program with the IMF, which is inflationary, which needs to be re-discussed,” Massa said.
“We want to re-discuss the program on the basis of the result of exports,” he added.
The presidential run-off election is scheduled for this weekend.
(Reporting by Eliana Raszewski; Writing by Isabel Woodford; Editing by Brendan O’Boyle)