July 23, 2014
IMF worried about 'wider implications' of US Supreme Court's ruling
The International Monetary Fund is “concerned about wider systemic implications” the ruling by the US Supreme Court could prompt following its decision to reject Argentina’s appeal aimed at staving off a default.
According to an IMF spokesman that was quoted by Argentina’s state-run agency Télam, the credit organization is “carefully considering” Monday’s ruling.
“As we have previously said, we are worried about possible wider systemic implications,” the official explained.
The IMF has long warned about potential risks and consequences that a country restructuring its sovereign debt could be put to face if a New York tribunal issues a final judgment on the case.