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Montevideo, October 22nd 2021 - 03:57 UTC



IMF mission expected next week in Argentina, announced minister Guzmán

Friday, October 2nd 2020 - 09:51 UTC
Full article 15 comments
Guzman said that economic policy “fine tuning” was needed to bolster growth, including harmonizing interest rates. Guzman said that economic policy “fine tuning” was needed to bolster growth, including harmonizing interest rates.

Argentina's Economy Minister Martin Guzman said on Thursday that a mission from the International Monetary Fund will arrive in the country next week as the country looks to negotiate a new program with the organization.

“There is a constant, constructive dialogue. This week we have been working in a virtual way together with a mission. On Tuesday a mission will be arriving,” Guzman said, speaking in a televised interview with local publication Ambito.

Argentina needs a new deal with the IMF to replace a failed US$ 57 billion program struck in 2018, which was unable to stave off an economic crisis that saw the country fall into default earlier this year, since cured with a major debt restructuring.

Guzman said that economic policy “fine tuning” was needed to bolster growth, including harmonizing interest rates.

Argentina is headed for an economic contraction of around 12% this year, which would be the third straight year of recession, while investors have been rattled recently by moves to tighten capital controls to protect dwindling reserves.

Categories: Economy, Politics, Argentina.

Top Comments

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  • Dirk Dikkler

    What You Want MORE MONEY !!! You can`t Pay the Loans you`ve already got ! Unless the Money is to Create Jobs and New Business the Word from the IMF should be a Polite & Loud NO.

    Oct 03rd, 2020 - 11:31 am 0
  • Terence Hill

    Chicureo Pervert, Psychological Transferee, Malignant Narcissist, Criminal Libeller, & Spam King
    “Just to freshen your latest fiction with some revealed truth behind it.
    “Although I've defended Pinochet despite his regrettable actions...I support nationalists that are willing to protect their nation ...”
    Ah! criminal libeller, there's a sure sign of deficit of intelligence if ever there was one. Kanazawa quotes from two surveys that support the hypothesis that liberals are more intelligent. One is the National Longitudinal Study of Adolescent Health, which is often called Add Health. The other is the General Social Survey (GSS). The Add Health study shows that the mean IQ of adolescents who identify themselves as “very liberal” is 106, compared with a mean IQ of 95 for those calling themselves “very conservative.” The Add Health study is huge — more than 20,000 kids — and this difference is highly statistically significant.”,8599,1968042,00.html

    Oct 04th, 2020 - 11:30 am 0
  • Terence Hill

    Pugol, the ingratiator camp follower, three time loser.
    “Like you, who identify as being “very Marxist”
    On the contrary anything but, other wise you'd be able show where and when. No proof, no truth.
    No shitflute, communists are just like you, political extremists.
    “Extremes to the right and to the left of any political dispute are always wrong.” Dwight D. Eisenhower
    “The opinions that are held with passion are always those for which no good ground exists; indeed the passion is the measure of the holders lack of rational conviction. Opinions in politics and religion are almost always held passionately.” Bertrand Russell,
    “Extremism is so easy. You've got your position, and that's it. It doesn't take much thought. And when you go far enough to the right you meet the same idiots coming around from the left.” Clint Eastwood
    “When the debate is lost, slander becomes the tool of the loser.”

    Oct 04th, 2020 - 12:44 pm 0
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