Several eurozone governments would only be prepared to release the loans "once [the debt] is seen as sustainable and we are convinced of this," said the official.
While there, he tried to persuade the fund to reverse its decision not to release the loans, which are probably necessary to avert a cessation of payments on the $132 billion public-sector debt before the end of the year.
To persuade the troika to release the loans, the government has promised to introduce new taxes, cut state wages by an average of 20percentt and reduce the number of public sector workers by a fifth by 2015.
When I call FedLoan they do one of two things: they either 1) blame Sallie Mae for not releasing the loans, or 2) they say the loans are still being added to the consolidation.
"Based on the findings of the mission, fund management is unable at this stage to recommend completion of the review" needed to release the next loan to Argentina, the monetary fund said in a statement.
Officials with the European Union and the International Monetary Fund have expressed confidence that an agreement to release the next loan installment could emerge from a meeting of euro zone finance ministers on Sunday in Luxembourg, while the question of the proposed second rescue package could be put off until July.
Meanwhile, its American consumer lending businesses were helped by the bank's decision to release the $1.4 billion of loan loss reserves, largely because of the continued improvement in the performance of its credit card borrowers.
The ministers agreed on Friday to release the majority of loans worth 8 billion euros to prevent Greece from defaulting.
Greek ministers have admitted next week's €305m payment cannot be met without securing a deal to release the €7.2bn of loans outstanding on the country's current bailout programme.
"So, very much this is the deadline that we have if we are to give the details for the Treasury in terms of releasing the £100m loan.
