The International Monetary Fund said Wednesday that it will "stand with Argentina," after Finance Minister Hernán Lacunza asked for the restructuring of debt payments on the country's US$56 billion bail-out loan and other debt with private creditors.
"The Fund will continue to stand with Argentina during these challenging times," IMF spokesman Gerry Rice said in a statement, adding that the institution was analyzing and assessing the impact of the announcement made Wednesday by local officials.
On Wednesday, the government asked the IMF to help "reprofile" the maturities of its debt with the agency. The government has received some US$44 billion of the total package to date.
Macri was defeated in primaries held on August 11 in the lead-up to the October presidential elections, with Peronist opposition candidate Alberto Fernández now favourite to win the race for the Casa Rosada.