BUENOS AIRES, Dec. 13 (UPI) -- --Argentina will not pay debt remnant to World Bank--
BUENOS AIRES 13 (UPI) -- Argentina will nor cancel today a remnant of 726 million dollars that the country owes to the World Bank for a 805 million dollar payment that expired last October 14th.
The ministry of Economy informed Thursday that there was no decision to be taken as it was a well known the posture of not paying until an agreement is reached with the FMI.
On the other hand, 252,4 million dollars would be given back to the Bank which correspond to a warranty that the entity had to respond to last Monday, when the country did not pay a bonus backed by that institution.
If the government complies with this obligation it will keep the organism's endorsement for the next bonus series, that will expire October 2003. If it does not do so, the country will not only accumulate more debts, but it will loose endorsement.
upi/amm
