Argentine president Alberto Fernandez said that the country needs more time to honor its debt with the IMF and underlined he would like a commitment of the Fund with Argentina. He also welcomed what he described as a common sense dialogue with the IMF mission currently in Buenos Aires for a review of the country's finances and economic prospects.
Argentine vice-president Cristina Fernandez de Kirchner insisted in her criticism of the IMF for the alleged violation of its statutes by awarding the previous Argentine administration of president Mauricio Macri a disproportionate credit, despite the fact the Fund rejected the accusation and ratified that no debt shaving is possible under its rules.
Argentine president Alberto Fernandez should be back in Buenos Aires on Friday following a European weeklong tour where he met the Pope and several leaders as part of his strategy to address the rescheduling of the country's foreign debt, which has the Argentine economy prostrated and with minimum chances of recovery if it has to meet capital and interest commitments.
Argentina’s Economy Minister Martin Guzman met the head of the International Monetary Fund Kristalina Georgieva for two-and-a-half hours on Tuesday to discuss the country’s economic emergency, the ministry said.
Following what the Argentine delegation consider successful visits to the Vatican, Italy and Germany, with ample support for Argentina's strategy to address its foreign debt commitments, president Alberto Fernandez on Tuesday will be in Madrid to meet with president Pedro Sanchez and King Philip VI.
Argentine president Alberto Fernandez left Germany more than satisfied after Monday's evening meeting with chancellor Angela Merkel and in the morning with leaders of industry and finance, who pledged investments in Argentina.
IMF officials and Argentina's economy minister met in New York on Tuesday for what they called “productive” and “positive” talks as the South American nation looks for help from its main creditor to alleviate a challenging debt situation.
Argentina’s government of Alberto Fernandez is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors.
Argentine president Alberto Fernandez revealed to media accredited at Government House, Casa Rosada, that in the coming days an IMF mission is scheduled to arrive in Buenos Aires to address economic issues.
Argentine president-elect Alberto Fernandez said on Thursday he did not want to fall short on debt obligations even as his government puts a premium on growth. Fernandez, who takes office on Dec. 10, will need to negotiate with creditors including the International Monetary Fund as Argentina buckles under the weight of about US$100 billion in sovereign debt.