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.
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.
An IMF technical mission is expected to travel to Buenos Aires in February to continue to exchange views on macroeconomic plans and debt sustainability, announced from Washington the IMF Chief Spokesperson Gerry Rice following the meeting on Tuesday of Argentine Economy minister Martin Guzman IMF members of staff in New York. made the following statement on Argentina today:
International Monetary Fund Managing Director Kristalina Georgieva said on Friday the lender has had “very constructive” exchanges with Argentina's new Peronist government and would do whatever possible to assist the indebted country.
The United States and China still have a long way to go to resolve their trade disputes although the partial deal signed this week is a step forward, IMF chief Kristalina Georgieva said on Friday. “Trade truce is not the same as trade peace,” she said.
President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned on Thursday.
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.
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.
The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday. She added that the Fund was waiting to see the future policy framework adopted by Argentina, which holds an election later this month in which a change of government is widely predicted.