{
  "title": "Press Release: IMF Executive Board Extends Argentina's Repayment Expectations",
  "publication": "IMF News, September 17, 2004",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr04196",
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  "summary": "Press Release No. 04/196",
  "publishDate": "2004-09-17",
  "sections": [
    {
      "heading": "Decision",
      "content": "- Press Release No. 04/196\n- Date: September 17, 2004\n- The IMF Executive Board extended Argentina's repayment expectations for a four-month period."
    },
    {
      "heading": "Rationale and policy basis",
      "content": "- \"IMF policy on repayment expectations allows for such extension where the member's external position is not sufficiently strong for it to repay early without undue hardship or risk.\"\n- \"Because a decision to approve an extension of repayment expectations is a technical one, it is not based on an assessment of the authorities' economic program.\""
    },
    {
      "heading": "Obligations and commitments",
      "content": "- \"During the four-month period in question, Argentina will still face obligations to the Fund of about SDR 1 billion (about US$1.46 billion).\"\n- \"The authorities are committed to remaining current in payments to the Fund.\""
    },
    {
      "heading": "Recommendations and next steps",
      "content": "- \"Argentina was urged to decisively address all the outstanding structural issues in their program, and to complete a comprehensive and sustainable debt restructuring.\"\n- \"Contacts between the IMF and the authorities on the policy framework going forward will continue.\""
    },
    {
      "heading": "Contact information",
      "content": "- IMF EXTERNAL RELATIONS DEPARTMENT\n- Public Affairs / Media Relations\n- E-mail: publicaffairs@imf.org\n- E-mail: media@imf.org\n- Fax: 202-623-6278\n- Phone: 202-623-7100\n\nPress Release: IMF Executive Board Extends Argentina's Repayment Expectations (Press Release No. 04/196, September 17, 2004).\n\n---\n\n\n References\n\n- Argentina and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr04196"
    }
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    "Published: September 17, 2004",
    "Press Release No. 04/196",
    "Date: September 17, 2004",
    "The IMF Executive Board extended Argentina's repayment expectations for a four-month period.",
    "\"IMF policy on repayment expectations allows for such extension where the member's external position is not sufficiently strong for it to repay early without undue hardship or risk.\"",
    "\"Because a decision to approve an extension of repayment expectations is a technical one, it is not based on an assessment of the authorities' economic program.\"",
    "\"During the four-month period in question, Argentina will still face obligations to the Fund of about SDR 1 billion (about US$1.46 billion).\"",
    "\"The authorities are committed to remaining current in payments to the Fund.\"",
    "\"Argentina was urged to decisively address all the outstanding structural issues in their program, and to complete a comprehensive and sustainable debt restructuring.\"",
    "\"Contacts between the IMF and the authorities on the policy framework going forward will continue.\"",
    "IMF EXTERNAL RELATIONS DEPARTMENT",
    "Public Affairs / Media Relations",
    "E-mail: publicaffairs@imf.org",
    "E-mail: media@imf.org",
    "Fax: 202-623-6278",
    "Phone: 202-623-7100",
    "[Argentina and the IMF](http://www.imf.org/external/country/ARG/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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