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.
The International Monetary Fund has named as head of its mission in Argentina, Luis Cubeddu, 53, replacing Italian born Roberto Cardarelli. Cubeddu is knowledgeable in Argentina since he was in Buenos Aires between 2002/04, during a similar financial pre-default situation, as a member of the IMF representation.
Argentina’s president-elect, Alberto Fernandez, has a “sustainable” plan to meet creditor obligations as well as maintain growth, he told the International Monetary Fund´s managing director Kristalina Georgieva, his office said.
By Kenneth Rogoff (*) - It’s high time to ask how to refocus the International Monetary Fund’s mandate for dealing with emerging-market debt crises. How can the IMF be effective in helping countries regain access to private credit markets when any attempt to close unsustainable budget deficits is labeled austerity?