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Reuters
Reuters
Business
Hernan Nessi

Argentina to send IMF deal to Congress this week -president

Argentina's President Alberto Fernandez speaks at the opening session of the legislative term for 2022 at the National Congress in Buenos Aires, Argentina March 1, 2022. Juan Ignacio Roncoroni/Pool via REUTERS

Argentina's government will this week send an agreement with the International Monetary Fund (IMF) to delay debt repayments to the South American country's Congress for approval, President Alberto Fernandez said on Tuesday.

The South American country reached an understanding with the IMF in late January over a new deal to help push back over $40 billion in debts the country owes and cannot pay. That agreement still needed to be ironed out before getting final approval.

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