MercoPress. South Atlantic News Agency

IMF and US congratulate president elect Fernandez

“We look forward to engaging with his administration to tackle #Argentina's economic challenges and promote inclusive and sustainable growth that benefits all Argentines,” Georgieva tweeted

International Monetary Fund chief Kristalina Georgieva on Monday congratulated Alberto Fernandez, winner of Argentina's presidential elections, and vowed to work with his government to stabilize the economy.

“We look forward to engaging with his administration to tackle #Argentina's economic challenges and promote inclusive and sustainable growth that benefits all Argentines,” Georgieva tweeted.

Outgoing president Mauricio Macri had signed a massive US$ 57 billion loan package with the IMF, but the austerity measures he imposed failed to right the economy and generated a wave of popular anger against him.

The return to power of protectionist Peronists has raised fears of yet another debt default, and eroded the peso's value.

The president-elect has insisted his government would not default but rather seek to renegotiate the terms of the IMF loan, and sought to reassure voters that their bank deposits would be safe under his administration.

In similar terms Secretary of State Mike Pompeo said on Monday the United States is ready to continue cooperation with Argentina after Alberto Fernandez's victory in the presidential election.

“We congratulate the people of Argentina on holding successful presidential elections on October 27 and stand ready to work with Alberto Fernandez as the new President of Argentina to address the interests our countries share” Pompeo said in a statement, published by the Department of State.

Washington wants to promote regional security, prosperity and rule-of-law via the cooperation with Buenos Aires, according to the secretary of state.

“The United States and Argentina enjoy a long-standing and mutually respectful partnership, which has benefited both nations and is testimony to our many shared democratic values and priorities. We look forward to working with the Fernandez administration to promote regional security, prosperity, and rule-of-law,” Pompeo added.

The Argentine president-elect Alberto Fernandez will assume the office on December 10.