The International Monetary Fund expects the pace of its ongoing discussions with Argentine authorities to accelerate in coming weeks, IMF spokesman Gerry Rice said on Thursday.3 comments
The managing director of International Monetary Fund (IMF), Kristalina Georgieva, highlighted that “they are working constructively with Argentina” and ratified the commitment so that the country ”has clarity about its medium-term objectives.”
Sixty-two percent of the International Monetary Fund’s lending in response to the coronavirus pandemic has gone to 21 countries in hard-hit Latin America, IMF Managing Director Kristalina Georgieva said.
Negotiations between the International Monetary Fund and Argentina over a new IMF loan program are “very fluid and constructive,” with Argentine officials expected to come to Washington in the coming days for more talks, IMF spokesman Gerry Rice said on Thursday.
Argentine Economy Minister Martin Guzman played down the chances of an early agreement with the International Monetary Fund to repay a US$ 44 billion loan, the Financial Times reported.
”Good progress” has been made in parts of a new program between the International Monetary Fund and Argentina, IMF officials said in a statement on Friday. An IMF team visited Argentina to begin discussions on repackaging some US$ 45 billion the country owes the Fund.
Economy Minister Martin Guzman and other Argentine officials were placed in preventive isolation on Sunday after a member of a visiting IMF mission tested positive for COVID-19, the government said.
The election of Joe Biden as US president gives the International Monetary Fund (IMF) a chance to reset its relationship with its largest shareholder and make green initiatives a bigger part of its global economic recovery plan.
Argentina will seek an Extended Fund Facility (EFF) from the International Monetary Fund (IMF) to replace a failed US$ 57 billion facility, Economy Minister Guzman said on Monday, potentially buying the country more time to make repayments.
A mission from the International Monetary Fund will visit Argentina from Nov. 10 to begin formal negotiations for a new financing program, an IMF spokesman said on Friday.