IMF may back Argentina in case over 2001 default

Published July 18, 2013 8:47pm ET



WASHINGTON (AP) — The International Monetary Fund chief will ask the executive board to back Argentina in its legal battle with investors who refused to take losses on debts after the $100 billion default in 2001.

A U.S. appellate court is weighing how to force Argentina to pay more than $1.4 billion owed to investment funds trying to collect on bonds rendered nearly worthless.

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