News Brief: IMF Welcomes Argentine Announcement
June 3, 2001
The International Monetary Fund (IMF) welcomed today the announcement by the Argentine government of the successful conclusion of the debt exchange offer, including the US$ 8 billion participation by foreign investors.
The greater than expected amount of debt exchanged should lead to a substantial reduction in gross financing requirements through 2005.
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 | |