Argentina’s creditors have slammed a three-year, $12.5bn debt roll-over plan between the country and the International Monetary Fund.
The IMF announced the agreement at September’s meeting in Dubai, which followed Argentina’s $2.9bn default on an IMF loan in August. One condition is that the government runs a primary fiscal surplus and ministers said the only way this could be achieved was by reneging on 75% of $103bn debt.
